Cryptocurrency exchange, BingX has announced a partnership with digital payments solutions provider, Mercuryo. Thanks to the partnership, BingX users will have access to a streamlined payment process that is both quicker and safer than traditional alternatives.
BingX, Mercuryo and the Quest to Improve Payments Efficiency
BingX is a major cryptocurrency exchange that serves over 5 million customers in over 100 countries, with spot, derivatives, copy and grid trading services. With the partnership, Mercuryo has enabled BingX users to make cryptocurrency purchases using a variety of payment methods, including Visa and Mastercard credit and debit cards, Apple Pay and Google Wallet. Users’ wallets are credited with the acquired cryptocurrency instantly following successful payment.
Mercuryo, on the other hand, is a global payments infrastructure platform. It is on a mission to revolutionise the convenience of making payments by a vast array of financial services and products available to businesses from both the fiat and crypto worlds through a single API integration. Its main offering, on-and-off ramps, is compatible with over 20 of the most often-used tokens. Many products, such as on/off ramps, Fiat Pay In-Out, Banking-as-a-Service (BaaS), and Crypto-as-a-Service (CaaS), have been integrated into the company’s efforts to create a comprehensive fintech platform.
The collaboration creates the groundwork for a more widely used and effectively functioning digital payments environment. The shared goal of Mercuryo and BingX is to make digital payments easier for their respective clients while also improving the speed, safety and overall user experience.
The partnership’s priorities include boosting the global use of crypto-powered products and revolutionising the digital payments industry. A further advantage of working together is the sharing of KYC tokens. To avoid a needless second verification step, the team will enable sumsub tokens for smooth user KYC information sharing. As a result, the double verification process for buying cryptocurrency is no longer necessary.