Banxa goes live on Fireblocks Network for payments in Canada, Australia, Eurozone
Summary
Banxa has launched its on/off-ramp services on the Fireblocks Network for payments, now allowing users to transact in fiat currencies like EUR, AUD, and CAD, as well as several stablecoins including USDC and USDT. This integration is available in Canada, Australia, and the Eurozone, leveraging a shared network connection without requiring new integrations.
Tokens
$USDC$USDT
Analysis
Banxa: Banxa is a provider of fiat-to-crypto on-ramp and off-ramp services that connect traditional currencies with digital assets. The company has activated its services on the Fireblocks Network to support payments involving specified fiat currencies and stablecoins. This enables Banxa's existing capabilities to operate through the network in designated regions without a separate integration. Fireblocks Network: Fireblocks Network serves as an infrastructure connecting payment providers and services for secure transactions involving digital assets. Banxa has gone live on this network to extend its on/off-ramp functions for supported currencies and stablecoins. The connection leverages prior setup to make Banxa's services available within the network ecosystem. Supported Assets: The services handle fiat currencies including EUR, AUD, and CAD alongside stablecoins such as USDC, USDT, EURC, cUSD, and PAX. Payments Integration: Banxa has activated its on/off-ramp services directly on the Fireblocks Network for payments. Geographic Availability: Operations are live in Canada, Australia, and the Eurozone through the shared network connection.
Categories
cryptotechdefi