GRAND CAYMAN, Cayman Islands, January 29, 2024, Chainwire
For a limited time, users can enjoy 0% gateway fees to access SUI tokens on Banxa.*
(*Fee waiver not available for UK customers)
Banxa, the leading payment infrastructure provider for the crypto-enabled economy, has announced that it will add the SUI token to its platform. The integration will expand access to the Sui blockchain for users around the world, thanks to a range of global and local payment methods from Banxa, which have processed more than $3 billion in transactions since its launch in 2014. In addition, Mysten Labs’ Sui Wallet will provide users with the ability to purchase SUI tokens through Banxa’s on-ramp and, once fully integrated, use the off-ramp solution.
For a limited time, there are no transaction gateway fees for purchasing SUI on Banxa. Thanks to this integration, users of some of the most established Web3 platforms such as Ledger, OKX and MetaMask will now have seamless and initially free access to Sui.
“For a long time, fiat on- and off-ramps have been a source of friction for the crypto industry. That’s why joining the Sui ecosystem for Banxa, a platform that removes this friction, is so important,” said Greg Siourounis, Managing Director of the Sui Foundation. “I am excited about the technical capabilities, broad access and opportunities this integration will bring to the Sui community while ensuring KYC compliance every step of the way.”
As a result of Banxa’s integration into the Sui ecosystem, developers building on Sui can now leverage Banxa’s powerful features to add more functionality and compliance measures to their dApps. For example, the NFT checkout solution provides 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 use a dApp that provides a smooth and easy transition between fiat and crypto.
“We think Sui is the most powerful and high-performing blockchain in the space,” said Holger Arians, CEO of Banxa. “The rapid growth of the Sui ecosystem since the launch of the mainnet is something we are eager to leverage to further our central goal of increasing the adoption of blockchain technology.”
Contact
Sui Foundation
media@sui.io