On February 27, 2023, BingX, one of the largest cryptocurrency exchanges, announced that it has collaborated with Mercuryo. This collaboration between two renowned fintech companies is expected to alter the digital payments market by providing secure, fast, and simple solutions to clients worldwide.
Mercuryo, a worldwide payments infrastructure platform, simplifies payments for fiat and crypto businesses by offering a wide range of financial services and products through a single API integration. BingX users will benefit from a faster and safer payment process under the deal. Apple Pay, Google Pay, Visa, and Mastercard credit and debit cards can be used to buy bitcoin using Mercuryo by BingX users. After the consumer pays, the cryptocurrency will be added to their wallet.
Sharing KYC tokens is another advantage of this partnership. To avoid a second verification, the team will enable seamless sumsub tokens for user KYC sharing. As a result of agreements with BingX and tight cooperation with Mercuryo, customers may now buy cryptocurrency without undergoing a second verification.
Considering that it paves the way for a more user-friendly and effective digital payments ecosystem, the agreement between BingX and Mercuryo represents a significant advancement for the fintech sector. Nevertheless, the digital payment field is just starting in a new age, and this moment marks its debut. In the near future, there will be other fascinating updates.
BingX, a prominent crypto exchange founded in 2018, offers spot, derivatives, copy, and grid trading to over 5 million customers in over 100 countries. It connects users with experienced traders and the platform in a safe, leading, and innovative way, prioritizing user trust and platform transparency. BingX is a digital financial institution with branches in North America, Canada, the EU, Hong Kong, and Taiwan, and has 4 regulatory licenses in Canada, the US, Australia, and the EU.
Mercuryo develops unique, crypto-powered payment solutions that facilitate digital transactions. In a globalizing world, affordable, cutting-edge fintech is more crucial than ever. Its vast feature set has been bundled into easily connected, customizable packages to assist the growth of businesses by providing a variety of payment methods, compliance, license management, and 24/7 support. Companies can accept bitcoin and fiat payments with its Pay in and Pay Out solutions. With Mercuryo's global licensing and a single API contact, its BaaS link enables enterprises to process fiat.