Banxa, a payment services provider and regtech platform, has partnered with Trust Wallet to support cryptocurrency transactions.
The collaboration between these two entities is aimed at increasing convenience for users who choose self-custody by providing an improved payment experience for Trust Wallet users. This includes smooth transactions and a wide range of payment options, including standard methods such as credit card and Apple Pay, as well as a variety of local payment methods such as Interac in Canada, iDeal in the Netherlands, and PayID in Australia. It will be. The collaboration also aims to deliver superior conversion rates.
In the company’s press release, official representatives of Banxa expressed enthusiasm about the partnership with Trust Wallet, highlighting their joint efforts to simplify and enhance cryptocurrency payment interactions. Trust Wallet’s security reputation aligns well with Banxa’s embedded crypto solution, ultimately improving the user experience for wallet owners.
Trust Wallet is known for its advanced security features and specializes in ensuring the safety and protection of its users’ digital assets. Representatives from Trust Wallet highlighted the importance of the Banxa fiat on-ramp integration in making crypto more accessible globally. Essentially, users will have access to new payment methods with lower fees, contributing to increased accessibility.
According to the official press release, the collaboration between Banxa’s technology and Trust Wallet’s security efforts aims to establish the foundation for an innovative and seamless cryptocurrency payment experience.
Other developments in Banxa
Through our extensive and growing network of global and local payment solutions and regulatory licenses, Banxa works with businesses to seamlessly integrate cryptocurrencies and fiat currencies for users around the world with lower fees and higher conversion rates. We provide.
In October 2023, BitPay, a US-based Bitcoin and cryptocurrency payment services provider, partnered with Banxa with the common goal of expanding access to cryptocurrency payments.
This collaboration focused on expanding the reach of crypto payments to buyers in various countries including the Americas, Europe, Asia, Africa, and Oceania. The main goal was to increase access to diverse payment methods for cryptocurrency enthusiasts. According to an official press release, these local payment methods are often considered more convenient than traditional options.
Banxa focused on complying with global regulatory requirements as part of this cooperation. The company is actively working to secure the necessary licenses to facilitate the provision of local payment methods to end users.
