Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, June 25 2020 - 04:02
AsiaNet
Binance Announces B2B Solution for Merchants to Natively Integrate Buy Crypto Function
MOSCOW, June 25, 2020 /PRNewswire-AsiaNet/ --

Binance [https://www.binance.com/en], the global blockchain company behind the 
world's largest digital asset exchange by trading volume and users, today 
announced Binance Access, a business-to-business (B2B) solution for merchants, 
vendors and wallets to integrate a "buy crypto" functionality on their 
platform. By integrating Binance Access, merchants and vendors are able to 
allow their users to natively buy crypto directly on their platform through 
Binance without leaving its interface.

Binance Access is a standard API operated on Binance.com, which is made 
available to clients and partners as part of Binance's Open Platform 
[https://www.binance.com/en/blog/421499824684900417/The-Future-of-Binance-Is-an-
Open-Platform-] initiative. Binance Access will automatically allow users to 
create a Binance account after logging in to the merchant's site. Users can buy 
crypto directly from the merchant's interface using their available fiat 
balance. While the purchased crypto goes directly into the user's Binance 
account to ensure the highest level of security and participation in Binance's 
SAFU program, users can continue to buy crypto on the merchant platform.

"Binance Access allows businesses to provide a one-stop exchange service to 
their customers and users without operating an exchange, streamlining the 
process for both service providers and the end-users," said Binance CEO 
Changpeng Zhao (CZ). "By providing other industry players and businesses with 
the tools and services to build the ecosystem, we hope to continue lowering the 
entry barrier to crypto and enabling more solutions to boost adoption as an 
infrastructure provider."

Binance Access is currently customized for businesses operating in the digital 
asset space, including vendors accepting payments in crypto and crypto wallets, 
allowing them to expand their offerings and new opportunities to scale in the 
crypto ecosystem. Merchants and businesses looking to integrate the Binance 
Access solution must have fiat capability and be fully compliant in the 
jurisdictions they service to be eligible. 

The seamless integration of the solution involves the implementation of a 
standard API and integration of the "buy crypto" functionality into the 
platform interface and is ready for use shortly after. If the user has already 
passed KYC (Know Your Customer) verification on the merchant's platform, no 
additional verification is required on Binance. E-wallet platform Advcash is 
the first platform that has integrated the Binance Access solution.

Earlier this year, Binance introduced the Open Platform initiative committed to 
providing infrastructure solutions and resources to the larger industry that 
help them build sustainable growth for the global crypto ecosystem. Initiatives 
under the Open Platform include the Binance Brokerage Program, Binance Cloud 
and Binance Widget. 

To learn more, contact access@binance.com and apply here 
[https://docs.google.com/forms/d/e/1FAIpQLSc0-ugqd0u8NImMIzvAqH43DpUSEA5d1sFAs-k
XQBjbuEbP6w/viewform] to join the Binance Access program.

About Binance 

Binance is the world's leading blockchain and cryptocurrency infrastructure 
provider with a financial product suite that includes the largest digital asset 
exchange by volume. Trusted by millions worldwide, the Binance platform is 
dedicated to increasing the freedom of money for users, and features an 
unmatched portfolio of crypto products and offerings, including: trading and 
finance, education, data and research, social good, investment and incubation, 
decentralization and infrastructure solutions, and more. For more information, 
visit: https://www.binance.com.

Logo - https://mma.prnewswire.com/media/1195863/Binance_Logo.jpg

Media Contact: 
pr@binance.com

Source: Binance