Blockchain firm and exchange Binance has unveiled its official cryptocurrency payment service in partnership with Paysafe and Checkout.com.
Bifinity will link businesses, merchants, and individual users to cryptocurrency and blockchain technology to support crypto payments.
The service will support more than 50 cryptocurrencies and top payments services, including MasterCard and Visa. Bifinity will also enable affordable fees for enterprises and leverage an intuitive API integration.
Enterprises will be able to use Bifinity’s APIs to receive digital asset payments, while consumers will access crypto trading services and entry points.
The service aims to expand into Latin America and to integrate PaySafe’s card processing service in Europe in the coming months. Bifinity will also launch NFT checkouts in the future.
The world-largest crypto exchange notes an increasing demand for fiat-to-crypto on-ramp aimed at incorporating centralized and decentralized finance.
The head of Bifinity, Helen Hai, says that the new outfit will increase the adoption of digital assets globally.