Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 11 May 2020, 13:00 HKT/SGT
Share:
    

Source: Infinito
Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally
- Partnering to bring Infinito Wallet users a safe, feeless and peer-to-peer way to buy Bitcoin at great prices with 167 fiat currencies and over 300 payment methods.

- The two are also working together on a unique "investment competition game" for crypto investors in Vietnam, a key market that both are very excited to join.

SINGAPORE, May 11, 2020 - (ACN Newswire) - Infinito, the leading multi-crypto wallet for users to easily start investing and earning more with digital assets, today announces its strategic partnership with Paxful, a peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe.




From now, users of Infinito Wallet can directly purchase Bitcoin at best prices from other crypto users around the world safely, without having to pay any transaction fees. This is made possible thanks to the seamless integration of Paxful's web-based Virtual Bitcoin Kiosk on the Infinito Wallet platform. From 11th May 2020, there is also a limited-time 3% rebate in ETH for all purchases made via Paxful service on the wallet.

The strategic integration between Infinito and Paxful unlocks convenient payment methods for Infinito Wallet users to buy Bitcoin (BTC) with 167+ fiat currencies including USD, VND, GBP, CNY, CAD, and more. The most in-demand payment methods supported by Paxful are bank transfer, gift cards, online wallets, domestic wire transfer, and many more.

To simplify and fully optimize the in-wallet crypto purchasing experience, buyers are instantly matched with sellers who are offering the best price on Paxful's platform based on the currency and payment method chosen. Purchased funds are seamlessly sent to the buyer's wallet address, removing the hassle of transferring funds between different platforms.

A Strategic Partnership to Penetrate New Regional Markets

Additionally, both Infinito and Paxful are looking to penetrate Vietnam, a highly potential market with a rapidly growing Bitcoin investor community of 6 million people and counting. The two platforms are reportedly working on a unique "crypto investment competition" type game that will allow newcomers to try their hands at crypto before investing in the real thing, while the user community at large can take part in fun trading competitions, with prizes, to discover the best crypto traders.

"We're extremely pleased to be Paxful's first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin," shared Jack Nguyen, Director of Infinito. "We hope that our joint efforts will bring about greater accessibility to Bitcoin for the masses, especially for people still foreign to the concept of digital assets."

"As we continue our work in emerging markets, this unique partnership with Infinito aims to bring bitcoin to the masses and promote the usability of cryptocurrency," said Ray Youssef, CEO, and co-founder of Paxful. "Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We're excited to see how this will drive financial access and more opportunities for people worldwide."

Amidst the global financial crisis caused by the Covid-19 pandemic, BTC and cryptocurrency have been gaining great traction as more people ferret for different means to diversify their income streams. Bitcoin ownership globally is growing fast and both Infinito and Paxful have reported sharp increases in crypto purchasing volume on their respective platforms, especially from Vietnamese users.

In Q1 of 2020, Paxful saw over a 43% increase in new user signups in Vietnam compared to Q4 of 2019, with a massive 262% increase in trading volume. Vietnamese seller volume also grew by 69% while the volume of buyers rose by more than 115% on the platform, both with bank transfer as the leading payment method. Similarly, Infinito has reported a colossal 710% increase in buying amount from January to February 2020 for Vietnamese users alone and over 107% increase for global users.

About Infinito
Infinito Wallet is a secure multi-crypto wallet that lets users easily start investing and earning more with digital assets. It supports over 2,000 top-ranking coins and tokens as well as decentralized applications. Infinito Wallet is frequently ranked amongst the best wallets for crypto communities.

- Official website: https://www.infinitowallet.io/
- Telegram: https://t.me/infinitowallet

About Paxful
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 3 million customers globally who you can instantly buy and sell bitcoin with - using over 300 different payment methods. As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets.

- Official website: https://paxful.com/



May 11, 2020 13:00 HKT/SGT
Topic: Press release summary
Sectors: FX & Digital Currencies, FinTech/Chains
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Infinito
May 11, 2020 13:00 HKT/SGT
Infinito and Paxful Form Strategic Partnership for Safe, Feeless Access to Cryptocurrencies Globally
Feb 19, 2020 13:00 HKT/SGT
Infinito Partners with Simplex, Brings "Buy Crypto with Credit" Function to Wallet Users
Sept 26, 2019 19:00 HKT/SGT
Infinito Unveils Native Exchange Feature for Over 150 Cryptocurrencies on Infinito Wallet
Sept 26, 2019 19:00 HKT/SGT
Infinito Unveils Native Exchange Feature for Over 150 Cryptocurrencies on Infinito Wallet
Aug 15, 2019 15:00 HKT/SGT
Infinito partners with Cocos BCX for Next-Gen Digital Game Economy
July 18, 2019 18:00 HKT/SGT
Infinito Formally Announces Ecosystem Utility Token, INFT
July 3, 2019 12:00 HKT/SGT
Infinito integrates Sofitto's Sugi Card creating Optimal Solution for Crypto Users
June 3, 2019 07:00 HKT/SGT
Infinito welcomes a Host of New Partners to its Ecosystem
May 30, 2019 13:00 HKT/SGT
Infinito welcomes a Host of New Partners to its Ecosystem
May 30, 2019 13:00 HKT/SGT
Infinito welcomes a Host of New Partners to its Ecosystem
More news >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: