Binance Introduces New Payment Channels with Koinal Integration, Bringing Crypto Further Mainstream
Binance, the leading cryptocurrency exchange and global blockchain ecosystem, today announced a partnership with London-based payment processing company Koinal to enable more cryptocurrency purchasing services on Binance. As of today, users in supported countries can buy bitcoin and other digital assets with a debit or credit card at the lowest fees through the Binance Fiat Gateway, and start trading on Binance.com in minutes.
“Freedom to convert easily between fiat and cryptocurrency is key to bringing crypto further mainstream. As the blockchain industry matures, there is more demand to bridge the two worlds than ever before,” said CZ (Changpeng Zhao), CEO of Binance. “At Binance, we want to provide users with the easiest way to enter and thrive in the crypto space. At the infrastructure level, we will continue to build fiat-to-crypto gateways in our effort to increase accessibility and adoption of crypto.”
Through the Koinal integration, Binance users can purchase Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP with any local currency via debit or credit cards, such as Visa and Mastercard, as well as wire bank transfers for users in more than 175 countries.
Caroline Holst, Head of Sales at Koinal, commented: “We are thrilled to partner with Binance and open up additional credit card payment channels to the digital asset economy, providing easier access to the cryptocurrency space for millions of Binance users. We look forward to bringing more ease and affordability of purchasing digital assets to the global Binance community.”
Binance works with trusted third-party partners to ensure the crypto-buying experience for its users is convenient, fast and secure. Koinal joins Binance’s growing list of partners offering fiat-to-cryptocurrency channels, which includes the NYDFS-approved Binance USD (BUSD) stablecoin available for direct purchase and redemption 1:1 for USD. In addition, Binance licenses its matching engine and wallet technologies to several partner platforms, including Binance Uganda, Binance Jersey, Binance Singapore and newly launched Binance US, which are operated independently in their respective local jurisdictions and offer fiat-crypto trading functions.
For more information on buying and selling cryptocurrencies on Binance, please visit: https://www.binance.com/en/buy-sell-crypto.
Koinal simplifies the purchase of cryptocurrency via its proprietary exchange technology. The range of cryptocurrency offered includes Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple. Purchases can be made via the customer’s preferred payment method using debit and credit cards, bank transfer and other alternative payment methods. Koinal uses the most sophisticated fraud monitoring and advanced encryption technology to protect payments and assure customer peace of mind.
Koinal was founded in 2018, is headquartered in London and is part of SG Veteris Limited. Visit https://www.koinal.io/
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven blockchain software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, visit: https://www.binance.com