{"id":413023,"date":"2022-03-07T16:58:57","date_gmt":"2022-03-07T13:58:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-to-focus-on-crypto-payments-with-new-subsidiary-bifinity\/"},"modified":"2022-03-07T16:58:57","modified_gmt":"2022-03-07T13:58:57","slug":"binance-to-focus-on-crypto-payments-with-new-subsidiary-bifinity","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-to-focus-on-crypto-payments-with-new-subsidiary-bifinity\/","title":{"rendered":"# Binance to focus on crypto payments with new subsidiary Bifinity"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ceda9e2cee\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ceda9e2cee\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-to-focus-on-crypto-payments-with-new-subsidiary-bifinity\/#%E2%80%9D_Binance_to_focus_on_crypto_payments_with_new_subsidiary_Bifinity_%E2%80%9C\" >&#8221; Binance to focus on crypto payments with new subsidiary Bifinity &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_to_focus_on_crypto_payments_with_new_subsidiary_Bifinity_%E2%80%9C\"><\/span>&#8221; Binance to focus on crypto payments with new subsidiary Bifinity &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvN2E4OWE4ZWItNDAxYS00NjQ2LTgyMmItYWQ4ZGU4ODk2N2I1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Binance, the world\u2019s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> by launching its own crypto payment provider.<\/p>\n<p>The crypto exchange officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-launches-payments-technology-company-bifinity-421499824684903541\">announced<\/a> on Monday the launch of Bifinity, Binance\u2019s official fiat-to-crypto payment company to connect crypto service providers with the traditional financial system.<\/p>\n<p>Bifinity supports more than 50 cryptocurrencies, including major coins like Bitcoin (BTC) and Ether (ETH), as well as popular payment platforms like Visa, Mastercard and others.<\/p>\n<p>The new crypto payment platform specifically allows merchants and businesses to adopt and provide crypto services to their customers via offering buy-and-sell crypto services as well as API crypto payments integrations.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are LIVE! <\/p>\n<p>Learn about our services, and how we will be partnering with SafePal, Zilliqa, Paysafe, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QSB0QPYxFV\">https:\/\/t.co\/QSB0QPYxFV<\/a> to expand cryptocurrency access worldwide.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PwlRt0JmfL\">https:\/\/t.co\/PwlRt0JmfL<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/payments?src=hash&amp;ref_src=twsrc%5Etfw\">#payments<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/IdFOLIoAXi\">pic.twitter.com\/IdFOLIoAXi<\/a><\/p>\n<p>\u2014 Bifinity (@bifinity) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bifinity\/status\/1500779686191714308?ref_src=twsrc%5Etfw\">March 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAs part of its initial push to bridge the gap between the crypto industry and traditional finance, Bifinity has partnered with several crypto firms, including Eqonex, a Nasdaq-listed digital asset investment firm.<\/p>\n<p>Bifinity <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/eqonex-announces-strategic-partnership-with-bifinity-binances-payments-technology-affiliate-301496505.html\">entered<\/a> a strategic parnership with\u00a0Eqonex to\u00a0provide a $36 million convertible loan to jointly expand the companies&#8217; products, including Eqonex\u2019s crypto custody solution Digivault, according to a separate announcement by Eqonex. Bifinity will also have the right to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>oint, from its company, the chief executive officer, chief financial officer, and chief legal officer of Eqonex as well as nominate two seats on Eqonex\u2019s Board of Directors. Eqonex is known for offering Bitcoin investment products like BTC futures.<\/p>\n<p>\u201cThis transaction marks the next logical step in our company\u2019s evolution, representing an important opportunity to grow our footprint and expand our regulated offerings for the benefit of our customers and shareholders,\u201d Eqonex chairman Chi-Won Yoon said.<\/p>\n<p>Apart from Eqonex, Bifinity will partner with major crypto wallet providers and blockchain platforms, including Safepal and Ziliqa, to offer fiat on- and off-ramp solutions to their clients. Additionally, Bifinity is partnering with specialized payments platform Paysafe and global payments processor Checkout.com.<\/p>\n<p><strong><em>Related:\u00a0eBay to add crypto payment options soon, says CEO<\/em><\/strong><\/p>\n<p>Bifinity president Helen Hai said that the demand to provide new fiat-to-crypto on ramps has been rising as the \u201ccrypto and the Web3 economy continue to grow.\u201d \u201cAt Binance, the vision is to increase the freedom of money globally. With the launch of Bifinity, we aim to accelerate mass crypto adoption,\u201d she noted.<\/p>\n<p>Hai holds multiple positions at Binance so far, including Binance\u2019s head of nonfungible token and fan token division as well as head of the global fiat exchange. At the time of writing, her LinkedIn profile also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/helen-hai-754a467\/\">shows<\/a> she\u2019s currently head of Binance charity foundation and interim head of mergers and acquisitions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-to-focus-on-crypto-payments-with-new-subsidiary-bifinity\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance to focus on crypto payments with new subsidiary Bifinity &#8220; Binance, the world\u2019s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments technology by launching its own crypto payment provider. The crypto exchange officially announced on Monday the launch of Bifinity, Binance\u2019s official fiat-to-crypto payment company to connect crypto&#8230;<\/p>\n","protected":false},"author":1,"featured_media":413024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvN2E4OWE4ZWItNDAxYS00NjQ2LTgyMmItYWQ4ZGU4ODk2N2I1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74863,74860,74889,117],"class_list":["post-413023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-payments","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=413023"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/413024"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=413023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=413023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=413023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}