VERSE continues to be integrated in web3 platforms, fostering DeFi adoption
May 3rd, 2023 — Today, Bitcoin.com and Banxa announced a partnership that integrates VERSE, the utility and rewards token that powers Bitcoin.com’s ecosystem of web3 apps, into Banxa’s financial technology platform. Banxa’s rapidly-growing ecosystem now includes more than 100 partners, enabling their users to buy VERSE through an extensive range of both global and local payment methods. This integration provides Banxa’s partners with an easily accessible gateway to decentralized finance (DeFi) through VERSE.
Expanding the accessibility of VERSE addresses one of the most significant challenges in the crypto space: onboarding new users to crypto. Bitcoin.com’s recognizable domain, high-quality educational resources, and award-winning news platform make it an attractive destination for those new to the space. From there, Bitcoin.com’s multi-chain mobile app provides a seamless transition to buy, sell, trade, and manage hundreds of crypto assets without counterparty risk.
The collaboration between Banxa and Bitcoin.com represents the beginning of their shared efforts to expand and innovate within the blockchain and cryptocurrency space. The two companies are already working together to develop and launch future offerings to further enhance user experience and facilitate DeFi adoption.
This partnership comes as DeFi platforms continue to gain traction and popularity among users seeking an alternative to traditional banking. With the combination of Bitcoin.com’s suite of multi-chain self-custodial products and Banxa’s leading on-and-off ramp platform, they’re well-positioned to capitalize on the growing trend of users interested in the benefits provided by decentralized alternatives.
Dennis Jarvis, Bitcoin.com CEO, emphasizes the importance of this partnership in achieving their mission of economic freedom: “At Bitcoin.com, our mission is to create economic freedom in the world. Partnering with Banxa allows us to onboard people through VERSE to DeFi, which is vital to promoting financial empowerment and independence. As we continue to work together, our combined efforts will drive further growth and innovation within the DeFi space, offering even more opportunities for our users to benefit from the economic freedom that decentralized finance provides.”
Holger Arians, CEO of Banxa stated, “This collaboration demonstrates our dedication to simplifying the process for businesses to introduce users to the crypto economy. Furthermore, we choose esteemed partners like Bitcoin.com because they are aligned with our goal of empowering individuals worldwide to engage in the digital assets ecosystem.”
Bitcoin.com is building products that give everyday people access to a vast world of opportunities to generate personal prosperity without limits. Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency, featuring accessible educational materials, timely and objective news, and easy-to-use fully self-custodial products for buying, spending, trading, investing, and earning with crypto.
About Verse VERSE is the rewards and utility token for users who contribute to and participate in the Bitcoin.com ecosystem. Launched in December 2022, the VERSE token is designed to expand access to decentralized finance and help unlock the economic freedom it provides. Since launch, VERSE has experienced rapid integration into web3 platforms, as evidenced by March and April’s overviews.