BingX taps Mercuryo’s crypto payment solution including Sumsub’s KYC token sharing

Rick Steves

“What is interesting to note is that our slogans have a lot in common. BingX strives to achieve Trading Made Easy while Mercuryo Business Payments Made Easy. Working together, we can and we will make this come true.”

BingX has announced a strategic partnership with Mercuryo to enable BingX users to enjoy a seamless payment process that is faster and more secure than traditional payment methods.

The partnership allows BingX users to buy crypto via Mercuryo with a range of payment options, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay. The purchased crypto will be credited directly to the user’s wallet immediately after payment.

KYC token sharing is another benefit of this collaboration as the team will enable regtech firm’s sumsub tokens for seamless user KYC sharing, which allows users to bypass a double verification when purchasing crypto.

Joint efforts accelerate the adoption of crypto-powered solutions

Mercuryo’s global payments infrastructure platform is accessible through single API integration for businesses from both the fiat and crypto worlds. Its products include several on- and off-ramps, Fiat Pay In-Out, BaaS (Banking-as-a-Service), and CaaS (Crypto-as-a-Service).

Elvisco Carrington, PR and Communications Director of BingX, said: “We are thrilled to be partnering with Mercuryo to offer our customers an innovative and secure payment solution. With this collaboration, we aim to simplify digital payments and provide our customers with a faster, more secure, and more convenient way to transact. What is interesting to note is that our slogans have a lot in common. BingX strives to achieve Trading Made Easy while Mercuryo Business Payments Made Easy. Working together, we can and we will make this come true.”

Petr Kozyakov, CEO of Mercuryo, commented: “We are thrilled to partner with BingX to provide customers with smooth fiat payment options. Our joint efforts will not only transform the digital payments industry, but also accelerate the adoption of crypto-powered solutions worldwide. BingX’s commitment to being an industry leader inspires us to provide first-class solutions for their team to serve customers and increase customer loyalty.”

BingX introduced zero-fee policy on crypto spot

BingX is a crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide. The firm has recently introduced a zero-fee policy on crypto spot trading, effectively allowing customers to open maker, taker, and grid robot transactions without paying spot trading fees.

By offering free trades on its platforms, BingX clients can better capitalize on small price movements in the market and unlock cost savings with more efficient trading.

BingX’s free spot trading is the latest example of how crypto platforms are offering discounts or eliminating fees to attract individual investors. This is perceived as a shot across the bow for rivals who often eat off of high costs paid by retail customers.

Read this next

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

<