Bitcoin 08 Mar 2022
Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity ... ... As the crypto and the Web3 economy continue to grow, we see greater demand to build improved fiat-to-crypto on-ramps to bridge the gap between the traditional finance industry and the decentralized and centralized crypto economy. ... ... Max Rothman, VP of crypto at Checkout.com, stated. .
Cryptopolitan 08 Mar 2022
TL;DR Breakdown. Binance is planning to launch a new payment technology company, Bifinity.The FCA may block the launch due to concerns around investor protection. Binance, one of the world’s largest cryptocurrency exchanges, is planning to launch a new payment company called Bifinity ... FCA’s concern over Binance ... However, the FCA sees this partnership as a possible way for the exchange to bypass FCA’s money laundering regulations.