BNB Fintech: A New Platform Offering Solutions for Cryptocurrency Payments
BNB Fintech is an innovative network seeking to integrate cryptocurrencies into everyday life seamlessly. The platform aims to offer top payment solutions based on crypto and foster the adoption of digital assets.
The new financial technology firm centred around cryptocurrencies offers its native token, BNB Cash (BNBCH). The token runs on Binance Smart Chain (BSC), the second-largest blockchain for smart contracts after Ethereum.
The BSC platform attracts some of the most promising projects in the crypto space due to its ultra-low fees and high transaction speeds. Nevertheless, many top-tier exchanges still haven't listed any BNB pairs, making the token more complicated to acquire.
The BNB Fintech team aims to promote BNBCH as the preferred alternative to BNB on platforms that have not listed the BSC chain's native token. The new project plans to list BNBCH on exchanges that lack a BNB presence, fostering the growth and adoption of BSC.
Ultimately, the team hopes to list BNBCH on Binance and develop BNBCH as an easily accessible alternative to BNB.
Disrupting the Crypto Payments Sector
BNB Fintech is well-positioned to bring crypto to the masses with its fast and secure BNB Cash token that offers users low transaction fees. The project's goal is to develop an app with multiple functionalities that enable users to make regular payments in crypto.
The current digital assets market faces many obstacles that slow down widespread adoption. Most people are still sceptical about the viability of crypto as a means to make micropayments due to high fees and network congestion. On the other hand, those already on the crypto bandwagon struggle to find an easy and efficient way to use their holdings daily.
BNB Fintech is creating a crypto-based ecosystem that will solve most issues hindering the adoption of digital assets. The platform seeks to streamline the payment process by creating the perfect onramp from fiat to crypto, allowing anyone to make regular transactions in BNB Cash.
The platform can disrupt existing payment systems by offering highly secure crypto transactions made instantly and at low transaction costs based on a tamper-proof blockchain.
The project code was reviewed for bugs and given a clean bill of health by the German-based DeFi audit firm SolidProof. To further bolster user trust, BNB Fintech backers opted for a further smart contract check conducted by blockchain security experts Certik.
The team behind BNB Fintech and BNB Cash consist of motivated and passionate individuals with a lot of experience in the Fintech and blockchain sectors. They remain committed to ensuring the platform emerges as a leader in crypto-based payments for everyday purchases.
The BNB Fintech Presale was a Success!
BNB Fintech held its presale token sale at the start of October 2021. The event offered the most significant allocation of BNBCH to fund the developments of the new crypto-based network. The public presale raised 280k BUSD in minutes, highlighting the overwhelming support the project is receiving from the crypto community.
The successful fundraiser prompted top-tier crypto networks such as Worldcoinindex, coinmarketcap and Coingecko to list the BNB Cash token. The result was a massive BNBCH rally that saw the coin log a staggering 1000% increase in value within days of launch.
The latest data from coinmarketcap shows that BNBCH has surged from lows of $0.016 to trade for $0.04904 at press time.
What Makes BNB Fintech Stand Out?
The BNB Fintech team is developing a payment gateway that will foster crypto in the real world and boost BNB Cash utility. Here is a look at the multiple tools that the project is working on to empower users to purchase goods and services directly from merchants using cryptocurrencies:
Debit Cards
Fiat-based debit cards offered by giant payment platforms such as Visa and MasterCard are still more popular than crypto-based alternatives. As such, crypto users often face challenges when making payments at venues that haven't warmed up to the digital asset class.
The BNB Fintech team, therefore, finds it necessary to develop a debit card that integrates BNB Cash into the most widely used debit cards. To this end, the project plans to partner with Simplex, a company that facilitates the conversion of crypto into fiat currencies.
The payments service provider supports over 90 cryptocurrencies and roughly 50 fiat currencies. Therefore, it would be the perfect strategic partner to help BNB Cash achieve widespread adoption at merchant points around the globe.
Typically, users would be able to make purchases in the native token even from merchants who may currently fear accepting digital currencies. The Simplex–powered debit cards would enable popular payment processors such as American Express and Visa to convert BNBCH into any fiat currency a merchant accepts.
This functionality can simplify the payment process, allowing crypto proponents to pay for everyday items like gas and coffee using their token holdings.
The BNB Fintech Wallet
The imminent BNB Fintech wallet allows for the easy storage, management and use of crypto from a single access point. The e-wallet option offers broader functionalities than the average wallets available today. Essentially, BNB Cash holders will soon be able to buy/trade their tokens on multiple venues and track their spending behaviour, token balance, points and much more.
The BNB Cash debit cards will be integrated with the mobile wallet, allowing for a seamless experience when transacting in BNBCH. The e-wallet, scheduled to launch later down the BNB Fintech roadmap, will be central to hosting the rest of the BNB Fintech ecosystem's services.
Peer-to-Peer Crypto Marketplace
This decentralized marketplace application allows crypto enthusiasts to buy, sell and trade everyday items on one easy-to-use platform. The P2P marketplace will initially integrate BNB Cash as the primary currency, allowing for seamless crypto purchases.
However, the platform will introduce other popular tokens to the marketplace in the future. This approach offers traders on the BNB Fintech marketplace options to utilize multiple cryptocurrencies for their everyday payments.
The BNB Fintech team will also issue a referral program that entices merchants and daily holders to continue trading and using BNBCH. This incentive aims to increase the volumes of the token transacted within the marketplace over time.
POS Crypto Payments
BNB Fintech seeks to introduce the future of crypto payments via its point-of-sale (POS) system targeted at merchants worldwide. The service offers sellers an all-in-one crypto payment solution that allows them to accept crypto payments with ease.
The crypto-focused payment solution leverages the power of the blockchain to facilitate the tracking and processing of crypto transactions in real-time.
Merchants can leverage the face to face and POS system to receive instant crypto payments. This approach allows them to maintain a healthy cash flow while pushing the usage of the BNB Fintech's native token.
To connect with the BNB Fintech community, please visit their social platforms:
https://www.facebook.com/BNBCash
