Crypto exchange Bitfineon announced on Sunday that it has entered in a partnership with the Melbourne based payment gateway solutions provider Banxa. The partnership will allow Bitfineon users to conveniently make fiat payments to buy and sell crypto on the platform.
📢 Partnership announcement with @BanxaOfficial
Banxa provides our customers fast
and convenient fiat payment processing
services to buy and sell #cryptocurrency.
Read more: https://t.co/rd2VldMtYJ
Post your 🇺🇸 flag below so we can make sure your currency is supported too! pic.twitter.com/d3ReLSBVrd
— Bitfineon (@bitfineon) April 26, 2020
In an official Medium post, the Bitfineon stated that Banxa enables crypto exchanges with its fiat onramp, which supports popular currencies like USD, GBP, EUR, etc. It further said,
“Banxa is licensed and regulated, which means you’ll be able to buy select cryptocurrencies with your preferred fiat banking option on Bitfineon without concern. Through the mutual integration with Bitfineon, Banxa keeps you safe throughout the buying process. Banxa provides Bitfineon customers with a reliable and secure fiat onramp from an established and regulated partner.”
Bitfineon is an innovative crypto exchange, focused on providing a seamless user experience while converting fiat to crypto and vice versa on its platform. It offers services like OTC, leverage trading, margin trading, auctions, etc. One of the major activities of Bitfineon is to focus on the ALQO ecosystem, a multi-tiered referral system and an auto-reinvest feature. ALQO allows users to compound their earnings as the exchange grows.
Banxa, on the other hand, works with crypto exchanges in Australia and elsewhere, with an aim to make crypto accessible to more and more people. With exclusive partnerships with retailer networks in Australia and Europe, Banxa has a robust global payment system that can be extremely beneficial for Bitfineon users.