iToken’s 10 million users now have more ways to buy crypto after partnership with the world’s leading Web3 on-and-off ramp solution provider, Banxa.
iToken, Huobi Global’s all-in-one Web3 wallet that lets users transact instant cross-chain swaps, browse DApps, and store their tokens and NFTs, will use Banxa’s Fiat-to-Crypto solution to offer them the most local and global payment options in the market.
In addition to having access to the most local payment options of any provider, including Faster Payments (UK), SEPA (Europe) and Interac (North America), iToken users who buy crypto via Banxa can also access major global payment rails Visa, Mastercard, Apple Pay, and Google Wallet. Banxa will also manage regulatory compliance on behalf of iToken, with zero fraud chargebacks as part of its market-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.
iToken, which was recently rebranded from Huobi Wallet, has a roadmap of upcoming features that will allow users to interact with the wallet in more dynamic 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.”
As one of the world’s most popular Web3 wallets, iToken provides users with real-time marketplace data for DeFi projects and NFTs, in addition to advanced cybersecurity settings with mnemonics and passcodes.
Banxa’s local and global payment options, combined with its risk and compliance regulatory service, makes it the preferred partner of both large and emerging Web3 companies, including Huobi Global, Binance, KuCoin, and OKX.
About BANXA Holdings Inc.
Banxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solutions. Through its extensive network of local payment solutions paired with the required crypto licenses, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives – with operating headquarters in the USA, Europe, and APAC regions.
For further information go to www.banxa.com.
iToken is made up of a global, professional team on a mission to empower more people around the world with genuinely non-custodial, secure, and convenient financial services. iToken aims to become the world’s most secure crypto wallet by leveraging deep-rooted experience and expertise in both technology and operations to significantly decrease risk while ensuring the optimal user experience. As a one-stop platform, iToken supports over 20 mainstream public chains and tens of thousands of tokens, and has integrated several functions to meet the diversified needs of users, such as DeFi TVL ranking, cross-chain swap, NFT ranking, GameFi section, dApp browser, etc.
Adriana Saindon / Ethan Lyle