GRAND CAYMAN, Cayman Islands, January 29th, 2024, Chainwire
Users will benefit from 0% gateway fees for accessing SUI tokens on Banxa for a limited time.*
(*Fee waiver is not available for UK customers)
Banxa, the leading payments infrastructure provider for the crypto-compatible economy, has announced it will add the SUI token to its platform. The integration will increase access to the Sui blockchain for users across the world, thanks to a suite of Banxa’s global and local payment methods, which have processed over $3 billion in transactions since its launch in 2014. Additionally, Mysten Labs’ Sui Wallet will provide users the opportunity to purchase SUI tokens through Banxa’s on-ramp and once fully integrated, to utilize its off-ramp solution.
For a limited time, there will be no transaction gateway fees for buying SUI on Banxa. Thanks to this integration, users of some of the most established Web3 platforms such as Ledger, OKX, and MetaMask, will now have seamless, and initially, feeless, access to Sui.
“For a long time, fiat on and off ramps have been a source of friction for the crypto industry. That’s why Banxa, a platform that removes that friction, joining the Sui ecosystem is so important,” said Greg Siourounis, Managing Director of the Sui Foundation. “I am excited about the technical possibilities, broad access, and optionality that this integration will offer to the Sui community while simultaneously ensuring KYC compliance at each step.”
As a result of the integration of Banxa into the Sui ecosystem, developers building on Sui will now be able to leverage the powerful features provided by Banxa to add more functionalities and compliance measures to their dApps. For example, the NFT checkout solution will provide an enhanced NFT selling experience for end users. Additionally, developers can improve the overall user experience by reducing friction in the onboarding and offboarding processes. Users are more likely to engage with a dApp that offers a smooth and convenient transition between fiat and crypto.
“We think Sui is the most powerful and performant blockchain in the space,” said Holger Arians, CEO of Banxa. “The rapid growth of the Sui ecosystem since its mainnet launch is something we’re excited to tap into to advance our central objective of increasing the adoption of blockchain technology ”
Contact
Sui Foundation
[email protected]
Disclaimer
For paid/sponsored articles, FintechMode neither endorses nor takes responsibility for the accuracy, timeliness, quality, and content of said articles. The statements, views and opinions expressed in paid/sponsored articles are solely those of the content provider and readers are reminded that Cryptocurrency products are unregulated in most locations and can be highly risky. Do your own research and consult relevant financial experts before making any investment decisions. FintechMode will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on this page. If you have any concerns, please email [email protected] or refer to our Terms & Conditions
