x
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.
Article Produced By
Ishan Garg
Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding USDT.
