Binance to focus on crypto payments with new subsidiary Bifinity
Binance’s new payment affiliate Bifinity will provide a $36 million convertible loan to the Nasdaq-listed digital asset firm Eqonex. Binance, the world’s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments technology by launching its own crypto payment provider.The crypto exchange officially announced on Monday the launch of Bifinity, Binance’s official fiat-to-crypto payment company to connect crypto service providers with the traditional financial system.Bifinity supports more than 50 cryptocurrencies, including major coins like Bitcoin....
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