Headquartered in Malta, Binance crypto exchange, which takes pride in being one of the world’s leading trading platforms, has broadcasted the news about its new strategic collaboration with Paxful, the leading P2P platform that facilitates seamless Bitcoin purchasing for the users. On Thursday, the two leading firms came together to enter into a partnership to enhance the experience of their users as now the users of Binance crypto exchange will be able to purchase Bitcoins in an easy manner.
According to the latest reports, Paxful will render the Binance customers to enjoy the service of its Virtual Bitcoin Kiosk solution for convenient execution of trading activities. The investors will be able to purchase Bitcoin on Paxful using fiat currencies like US Dollar, Canadian Dollar, Russian Ruble, Columbian Peso, Indonesian Rupee, Vietnamese Dong, British Pound, Mexican Peso, Euro, and Argentine Peso.
Binance exchange teams up with Paxful will revolutionize and streamline the trading experience of the crypto exchange customers spread across 167 countries around the world. The integration is likely to give a boost to Bitcoin demand and is likely to give a push to its price in the marketspace.
Also, the move is welcomed by the crypto community as a major step towards mass adoption as it will simplify the Bitcoin purchasing procedure. It is believed that if the basic technicalities of the crypto industry are simplified for the general public, increased participation from the people will be witnessed in the industry. As Bitcoin and Paxful will allow buying Bitcoin with fiat currencies, it is likely that people will show a greater interest in trading digital currencies in a reliable and secure way.
At present, the clients of Binance living in Argentina and Brazil are exposed to trading Bitcoin for fiat. This is possible because of the collaboration between Binance and Latamex. Latamex is a renowned platform for exchange transactions and cross-border payments across LATAM (Latin America).