Binance Partners With Baxna To Introduce EUR, GBP And AUD Fiat-To-Crypto Gateway
Binance exchange announced a partnership with Australian firm, Banxa, a fiat gateway service, to offer fiat-to-crypto buying services to select countries. The news comes in light of Binance’s recent $1 million USD donation in BNB to help in fighting the bush fires.
Binance introduces fiat-to-crypto Buys using Baxna Fiat Gateway
On 7th Jan 2020, Binance launched direct buying service on its platform, in a partnership with Baxna, an Australian fiat gateway, allowing users to use Australian Dollar (AUD), Euro (EUR) and British Pound (GBP) to purchase cryptocurrencies on Binance. Baxna will allow almost instant buys on Binance.com and low GBP fees on bank transfers using the Faster Payment Service (FPS).
The partnership with Baxna will provide users across Australia, some select states in Europe and Great Britain a purchase platform through bank transfers, bill payments, globally acceptable credit, and debit cards and retail payments.
The CEO at Baxna, Holger Arians, applauded at the steps Binance is taking to push adoption in the field urging a close partnership between the two companies. Holger further said,
“We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance.”
Changpeng Zhao, aka CZ Binance, spoke on the latest fiat gateway saying the world’s largest exchange in volume and users, is targeting a global market in the near future. He said,
“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.”
At the start of January, Binance announced a partnership with crypto exchange, Satang, to allow Thai Baht fiat-to-crypto gateway on the platform.
In other news…
In the last few weeks, news of Australian Bushfires have taken over the headlines and it’s a graceful sight to see Binance Charity Foundation donated $1 million USD in BNB to the cause of helping fight the fires. With the fiat-crypto gateway now open for Australians, British and a number of Europeans, can donate to the Australia Bushfire Donations in crypto.