{"id":334373,"date":"2021-09-03T16:58:21","date_gmt":"2021-09-03T13:58:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitfinex-pay-to-integrate-u2f-authentication-for-online-merchant-payments\/"},"modified":"2021-09-03T16:58:21","modified_gmt":"2021-09-03T13:58:21","slug":"bitfinex-pay-to-integrate-u2f-authentication-for-online-merchant-payments","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitfinex-pay-to-integrate-u2f-authentication-for-online-merchant-payments\/","title":{"rendered":"# Bitfinex Pay to integrate U2F authentication for online merchant payments"},"content":{"rendered":"

“# Bitfinex Pay to integrate U2F authentication for online merchant payments <\/strong>”
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In an effort to increase customers’ security and privacy on their platform, cryptocurrency exchange Bitfinex has announced the adoption of an open authentication standard U2F within its merchant payments service Bitfinex Pay.<\/p>\n

The move enables the capacity for online stores and merchants adopting the Bitfinex Pay widget to receive payments for goods and services in a range of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Lightning Network BTC (LN-BTC) and Tether (USDT) on the Ethereum and Tron blockchains.<\/p>\n

Customers of a registered merchant can choose the \u2018Pay with Bitfinex\u2019 option upon checkout. After a brief detour through the Bitfinex payment gateway, the customer will be returned to the merchant’s website. Once confirmed, payment will be sent directly to the merchant\u2019s connected Bitfinex wallet address. <\/p>\n

With this introduction, Bitfinex is positioning the U2F key \u2014 a physical USB device \u2014 as an alternative to traditional two-factor authentication methods such as text-message or app<\/a> notifications. The devices can be used across laptops and mobiles and require a 6-digit passcode to grant payment approval.<\/p>\n

CTO at Bitfinex, Paolo Ardoino shared his comments on the feature:<\/p>\n

\u201cAs a trailblazer in digital payments, Bitfinex Pay has already become a popular payment tool and with the addition of U2F we are providing our users with further means of protecting themselves.\u201d<\/p><\/blockquote>\n

He continued to say: \u201cThese security keys make it almost impossible for a hacker to intercept both your password and the two-factor code.\u201d<\/p>\n

Related: Canadian Bitcoin miner Blockstream joins crypto unicorns with $3.2B valuation<\/strong><\/em><\/p>\n

In November last year, payments giant Paypal debuted cryptocurrency payments on its U.S. platform, granting customers the ability to buy, hold and sell a selection of popular digital assets. More recently, this feature branched out its U.K. market. <\/p>\n

In time, Paypal plans to facilitate the transaction of crypto payments across their established network of 26 million online and physical merchants. <\/p>\n