Binance has launched its own fiat-to-crypto service provider Bifinity to improve on-ramps and encourage more merchants to take crypto payments.

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Fast facts

  • Bifinity offers over 50 cryptocurrencies and supports major payment methods, including Visa and Mastercard.
  • Crypto business aggregator Coinmap has tracked 28,754 venues accepting and offering cryptocurrency payments and services, at press time.
  • Bifinity also announced a strategic partnership with crypto financial services provider Eqonex on Monday.
  • Under the partnership, Bifinity will advance a US$36 million convertible loan to the Nasdaq-listed firm and will have the right to appoint top executives of Eqonex from within Bifinity.

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