January 29, 2024 – Grand Cayman, Cayman Islands


Users will benefit from zero percent gateway fees for accessing SUI tokens on Banxa for a limited time. (Note – 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 Web 3.0 platforms such as Ledger, OKX and MetaMask, will now have seamless, and initially, feeless, access to Sui.

Greg Siourounis, managing director of the Sui Foundation, said,

“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.

“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.

Holger Arians, CEO of Banxa, said,

“We think Sui is the most powerful and performant blockchain in the space. 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

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 

The post Banxa Integration Brings Seamless, Low-Cost Fiat On-Ramps to Sui, Off-Ramps Coming Soon appeared first on The Daily Hodl.