Binance, one of the largest exchanges by volume traded, has recently announced the launch of Bitfinity, its own crypto payments technology company.
payments economy, which the company believes will be powered by cryptocurrencies eventually. For this purpose, the newly created company has inked partnerships with Paysafe and Checkout.com, two established payments processors that are already lending their technology to make Bitfinity a better alternative.We expect global e-commerce to continue outpacing the growth of traditional commerce—especially with the adoption of cryptocurrencies and NFTs.
We are lowering the barrier to entry for merchants to accept and make their first cryptocurrency transactions, enabling them to seize the great web3 opportunity that lies ahead.These partnerships will ostensibly give the company the ability to include fraud protection and enhanced regulatory compliance in its operations, allowing Bitfinity to offer white label services to other parties that include a digital wallet.