Binance exchange has entered into a partnership with the Australian firm Banxa. It is a fiat gateway for fiat-to-crypto services.
Binance together with the Australian-based company Banxa added a new feature to its platform. It allows the direct purchase of cryptocurrency with fiat. At the moment, Australians can buy digital coins, using the Australian Dollar (AUD), the Euro (EUR) and the Pound Sterling (GBP).
That said, the Faster Payment Service will also be accessible to some European countries, including the UK.
By striking a new partnership, Binance continues its mission to spread cryptocurrency. Accordingly, the exchange will allow using debit cards, credit cards, and traditional bank transfers to buy BTC and ETH through Banxa. What’s important is that it takes only a couple of minutes to commence trading on Binance.com. Thus, the service is easy to use.
“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 Changpeng Zhao, CEO of Binance.
“Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world,” he added.
Banxa’s main services are all about facilitating fiat payments on cryptocurrency exchanges. The company has offices in Melbourne and Amsterdam.
Binance in Australia
The exchange is conquering the Green continent at a steady pace.
In spring 2019, it launched a new Binance Lite Australia platform. It allows users to buy bitcoin in high-street stores for cash. The service is accessible at 1,300 newsstands across the country.
Besides, this year Changpeng Zhao will open the Australian branch of his exchange.
Recently, Altcoin Buzz reported that Binance launched a charity project to help Australia overcome the eco-catastrophe after massive bushfires.