EXCLUSIVE: BitPay Partners With Banxa To Expand Global Crypto Payment Options

BitPay, a provider of Bitcoin and cryptocurrency payment services, announced its partnership with Banxa BNXAF to provide its global buyers access to new payment methods. The update is available within the BitPay Wallet app and website, effective immediately. Global crypto buyers will automatically see Banxa appear within BitPay's buying platform among its other partners.

Cryptocurrency communities across the Americas, Europe, Asia, Africa, and Oceania will now be enabled to pay for cryptocurrency assets using local payment methods.

Both companies support the sale of over 175 cryptocurrencies across 20 chains, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (MATIC), and many more. Availability of crypto tokens will differ based on the country in which the user is based.

Also Read: Ferrari Joins Crypto Race, Begins Accepting Digital Payments In US

“This partnership brings together two prominent players in the cryptocurrency space to ensure our global community can buy their crypto assets with flexibility, convenience, and security,” BitPay CEO Stephen Pair said.

“Banxa's infrastructure is designed to help BitPay seamlessly integrate with existing payment service providers, enhancing the overall experience of BitPay users around the globe through access to new payment methods,” Banxa CEO Holger Arians noted.

Banxa is the global payments infrastructure provider for the crypto-compatible economy and meets global regulatory requirements. It is dedicated to obtaining necessary licenses for offering local payment methods for end users.

Benzinga’s Future of Digital Assets conference is scheduled in New York on Nov.14. Attend and learn more about how crypto companies are constantly looking at partnerships with traditional banks for opening up the crypto landscape. The gathering is seen as pivotal for the digital assets’ community. The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.

Read Next: Cryptocurrency Payment Apps Market 2023 Hitting New Highs by 2030

Photo: Shutterstock