Banxa, a global on-and off-ramp for cryptocurrencies to fiat, has announced that its on-ramp solutions are now available on Huobi Global’s rebranded Web3 Wallet, iToken.
Users of iToken who purchase cryptocurrency through Banxa have access to the most local payment alternatives of any provider, including Faster Payments (UK), SEPA (Europe), and Interac (North America), as well as the main international payment rails Visa, Mastercard, Apple Pay, and Google Wallet. Additionally, Banxa will oversee legal compliance on iToken’s behalf, managing it with zero fraud chargebacks as part of its industry-leading solution.
“We’re excited to offer iToken’s user base greater access when it comes to buying crypto. Beyond the convenience of the world’s largest payment rails, iToken users can enjoy fast and cost-effective local payment options when checking out with Banxa. For iToken, this also means a higher conversion rate than other payment methods,” said Banxa CEO Holger Arians.
A roadmap of planned improvements for iToken, which was recently rebranded from Huobi Wallet, will enable users to interact with the wallet in more engaging ways.
“We are BUIDL-ING aggressively in this bear market so that we will be fully equipped to ride the strong wave once growth returns, which we believe is just around the corner,” added Liser Li, Head of iToken. “With Banxa’s fiat on-ramp, we expect to see much higher acquisition and retention figures, especially with the wide range of local payment options available to onboard new users, and off-ramp solutions that offer more secure transactions than p2p. iToken is rapidly growing its market share worldwide, focusing on developing countries with a high demand for crypto, such as Indonesia, Thailand, Vietnam and the Philippines. With this partnership, we are now the undisputed market leader of crypto wallets.”