What is Bifinity, Binance’s new payment service? Thanks to Bifinity, it is possible to pay with crypto money.
Cryptocurrency exchange Binance has announced that it has launched a new service called Bifinity as a crypto payment system. It also announced that it has partnered with Paysafe, EQONEX, and Checkout.com to develop the Web 3.0 ecosystem.
Bifinity to be powered by Binance; It will serve as the payment technology company connecting businesses, retailers and millions of users to the world of cryptocurrencies and blockchain. Investors will be able to leverage Bifinity APIs to process cryptocurrencies.
What is Binance’s crypto payment system, Bifinity, and how is it used?
As cryptocurrencies and the Web3 economy continue to grow, we see a greater need for cryptocurrency payment systems. What Binance wants to do with Bifinity is to make it easy to pay with crypto worldwide.
Bifinity President Helen Hai expressed their desire to accelerate the adoption of cryptocurrencies with the launch of the cryptocurrency payment service. At the same time, customers will have secure access to services and platforms to buy and sell cryptocurrencies.
Bifinity will allow payments in more than 50 cryptocurrencies worldwide, thanks to the partnership of PaySafe and Checkout.com. It will also support all major payment methods, including trading services such as VISA, Mastercard. It also stands out with its API and low payment transaction fees for investors.
Bifinity works with popular cryptocurrency wallet services and blockchain platforms like Safepal and Ziliqa to provide fiat currency trading solutions to its users. Additionally, the service secures payment infrastructure through partnerships. Binance has a number of plans to integrate advanced fraud detection and payment functionality into debit cards.