Binance Teams up with Payments Firm to Allow ‘Low-fee’ Crypto Buying
Estonia-based payment solutions provider Mercuryo says it has struck a partnership deal with Binance that will allow exchange customers to buy crypto with fiat. The latter claims that the move will allow customers to pay lower transaction fees for token purchases made using fiat.
In a release shared with Cryptonews.com, the company wrote that “the vast customer base of Binance can buy bitcoin (BTC), ethereum (ETH), tether (USDT) and tron (TRX) at lowest card processing fees.” The company says gateway will ensure that “no conversion charges” are imposed by regional issuing banks.
Mercuryo currently supports the United States dollar, as well as the pound sterling, the euro, the Russian ruble, the South Korean won, the Japanese yen, the Turkish lira, the Ukrainian hryvnia and Argentina’s peso.
Mercuryo also told Cryptonews.com that it is planning to add support for more fiats in the future.
A spokesperson stated that the firm “plans to add support for the Norwegian Krone, Swedish Krona, Israeli New Shekel and Swiss Franc.” In addition, Mercuryo told us that it will add support for the national fiats of Nigeria, Kenya, South Africa, Brazil, Mexico and Poland “within a month.”
The company added that in addition to Binance, Mercuryo has partnerships with other exchanges, including Trust Wallet, Bitfinex, OKEx, Bithumb, BTC-Alpha and LATOKEN. The spokesperson added that the firm “plans to add support for more exchanges in the future.”
Mercuryo claims to offer a gateway for cryptocurrency exchanges, as well as an acquiring platform and a personal cryptocurrency wallet that is compatible with iOS and Android platforms.
It added that it plans to issue Mercuryo Cards, which will allow its users to pay using Google Pay and Apple Pay.
Meanwhile, Binance has also been expanding its operations in China.
Per Sina, Binance China has signed a partnership deal with Xinyuan Group, a NYSE-listed real estate firm. The company says that its China-based Blockchain Institute will work with Xinyuan Group on a number of R&D and talent-nurturing programs.