Binance Connect and Trust Wallet Collab To Boost Crypto Adoption.
Binance Connect, a prominent global payment infrastructure provider supported by Binance, has now announced a collaboration with Trust Wallet, the premier multi-chain, self-custodial cryptocurrency wallet.
According to the statement, the Trust Wallet platform has integrated Binance Connect, the official fiat-to-crypto supplier for Binance, as a part of its plans to progressively allow customers to acquire more than 200 different cryptocurrencies straight from their credit or debit cards.
The new crypto purchase option that Trust Wallet has introduced is intended to make the process of purchasing cryptocurrency more straightforward. It gives verified users of Trust Wallet the ability to load their wallets with more than 40 different fiat currencies.
This alliance will also provide new users a simple and safe option to develop or increase their crypto portfolio on several blockchains, in addition to increasing the present Web3 economy, which will be a side benefit of the relationship.
Users are able to transmit, receive, and store more than 4.5 million digital assets and NFTs on 66 different blockchains with the help of Trust Wallet, which also acts as the official self-custodial cryptocurrency wallet for Binance.
Over sixty million people are now being served by the user-friendly platform, which makes it possible for them to simply and securely enjoy both the DeFi and NFT worlds. Additionally, Trust Wallet is one of the first wallets to support the digital collectible efforts being implemented by Instagram.
Zoe Wei, Executive Director of Binance Connect said:
“Our goal at Binance Connect has always been to increase crypto adoption and bridge the gap between traditional finance and the crypto economy. This partnership with Trust Wallet will help bring new users to Web3 in a convenient way.”
Binance Connect is the new subsidiary of Binance that was founded in March 2022. It was formerly known as Bifinity. Binance Connect is focused on developing fiat-to-cryptocurrency payment technology. Following that, the Financial Conduct Authority of the United Kingdom issued a warning to Bifinity over the company’s collaboration with the asset manager Eqonex.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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