Binance, the leading global blockchain ecosystem responsible for the largest cryptocurrency exchange in terms of trading volume and users, announced today the revamp of Binance Connect. The objective of this transformation is to provide an innovative solution specifically designed for Web3 projects, streamlining the process of converting fiat to cryptocurrency.
By integrating Binance Connect, businesses are equipped with a ready-to-use solution for processing transactions, simplifying the buying and selling of cryptocurrencies for their customers. The newly enhanced Binance Connect product seamlessly integrates with Binance’s existing services, enhancing its usability and efficiency.
Once implemented into third-party platforms, Binance Connect allows customers with a Binance account and completed Know Your Customer (KYC) process in eligible countries to directly buy and sell cryptocurrencies from their DeFi wallets.
With Binance Connect, users gain access to a wide range of transaction options, supporting over 100 fiat currencies and 300 cryptocurrencies, along with 300 other payment methods. Traditional payment methods like credit cards and bank transfers, as well as digital payment options like Apple Pay and Google Pay, enable easy cryptocurrency purchases. Furthermore, users can make purchases through Binance’s peer-to-peer (P2P) marketplace.
Thomas Gregory, Vice President of Fiat at Binance, explained, “Binance Connect offers competitive pricing to partners, enabling them to access rates close to market prices. This positions Binance Connect as a major liquidity provider. Integration is simple, requiring minimal technical resources, and is completely free for partners. It functions as a plug-and-play solution that adheres to regulatory compliance standards, instilling confidence in our partners.”
Gregory also mentioned that Binance Connect will be presented by himself at the upcoming Binance Blockchain Week in Dubai from October 30th to October 31st. During his talk, he will provide further insights into how Web3 businesses can leverage this powerful solution.
The Binance Connect platform is now available for integration into Web3 applications, with ongoing developments for various platforms. It is expected that users can start utilizing the platform by the end of November. For more information on integrating with Binance Connect, please visit the following link: https://developers.binance.com/docs/binance_connect/introduction
