Says BINANCE CEO Changpeng “CZ” Zhao,
“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. Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world.”
Fintech firm Banxa has been operating cryptocurrency exchanges in Australia and abroad since 2014, providing a bridge between the legacy financial system and cryptocurrencies by enabling crypto exchanges, wallets and related platforms to offer instant fiat-to-crypto conversions. Users can choose several different methods of payment: bank transfers, bill payments, retail payments, credit and debit cards.
One of the company’s core services is its ability to handle all regulatory concerns, compliance and chargebacks.
Banxa and Binance expect to add more countries and currencies in the near future to expand its global reach.
