The world’s leading cryptocurrency exchange, Binance, announced a partnership with fiat on-ramp solution provider Banxa to provide support for Australian Dollar (AUD). With this partnership, users can directly purchase cryptocurrency through AUD, Euro (EUR), and British Pound (GBP) on Binance.
“We believe fiat will co-exist with crypto for a long time to come. More than 99.9% of the global money supply is still in fiat and we need to continue building bridges to enable easier flow into crypto. In 2020, we aim to add support for all 180 fiat currencies,” said CZ (Changpeng Zhao), Binance CEO. “Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world.”
Banxa is an international compliant fiat on-ramp solution provider for cryptocurrency. The company has offices in two places currently – Melbourne, Australia and Amsterdam, Netherlands. Apart from AUD, Banxa supports EUR and GBP. The company provides on-ramp solutions in Europe and Australia.
“Banxa allows crypto exchanges, wallets and other crypto platforms to offer instant fiat to crypto conversions. With only one integration, our partners benefit from both local and global payment options while Banxa takes care of all regulation, compliance and chargebacks. We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance,” said Holger Arians, Banxa CEO.
The on-ramp solution by Banxa is live on Binance and can be accessed via Binance’s Buy and Sell crypto page. Binance is heavily pushing fiat-cryptocurrency on its platform, with the founder CZ calling fiat pairing the next big focus of Binance.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
A Growing Threat: Scams Hit Home Cryptocurrency kiosks, often found in stores and gas stations,…
Big News from Capitol Hill: Edges Closer to Reality In a major step for the…
Introduction: Big Money Meets Big Defeats The world of cryptocurrency is no stranger to high-stakes…
Why Died: Crypto's Failed Naming Revolution In the wild world of crypto, big promises come…
Bitcoin Dives Below $70K: Oil Price Surge and Global Tensions Fuel the Latest In the…