Bingbon Partners With Paxful to Expand its Fiat-To-Crypto Payment Methods

Bingbon announced a partnership with Paxful to expand its fiat-to-crypto payment methods.

The crypto social trading network, Bingbon, has partnered with Paxful — a global cryptocurrency trading platform where people buy, sell, and trade digital assets.

According to Bingbon, the partnership with Paxful, a leading worldwide peer-to-peer finance platform, will make the purchasing of Bitcoin and other cryptos more convenient on its platform. Also, it will allow users to take full advantage of Paxful’s fiat-to-crypto network.

In addition, this strategic partnership lets Bingbon users fund their accounts directly with local fiat currency using Paxful’s vast payment methods. Beyond this, it gives them access to a one-stop crypto derivatives trading platform.

In other words, the collaboration between Bingbon and Paxful gives new trading opportunities to users. With Paxful’s Bitcoin Virtual Banking, users can instantly find sellers who are qualified for crypto trading. What is more, users can conduct payments quickly through Paxful on Bingbon.

Following this, CEO and co-founder at Paxful, Ray Youssef, said,

Crypto accessibility is key in order to spur adoption and highlight its use case as a means of exchange. That is why we’re thrilled to partner with Bingbon to make trading cryptocurrency even more seamless to their millions of users.

Speaking of the cooperation, which is meant to simplify and provide Bingbon users access to Paxful’s multiple payment options through the Peer-to-Peer marketplace, Elvisco Carrington, communications and partnership manager at Bingbon said,

We are glad that we’ve integrated with Paxful. For Bingbon, this means introducing and exposing our users to a new trading experience. Bingbon users can find nearly 400  different ways to buy digital assets via Paxful. All of this is in line with our goal to make the crypto market more accessible to everyone.

Based on this, Carrington added that they could penetrate the Latin American market even more aggressively than before.

Last month, Bingbon added Ruble, Hryvnia, and Tenge support to expand its geographical presence. According to the firm, the tie-up between payment processor Advcash and Bingbon will help extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp.