Popular crypto platform opens to new payment options

Bitfinex demonstrates an ongoing commitment to expanding the crypto community

crypto platform

Popular crypto platform opens to new payment options. Source: shutterstock.com

Bitfinex aims to grow the ecosystem by building gateways between fiat and crypto, introducing credit and debit cards support on its platform. The company says it wants to add more payment options, thus encouraging more people to buy cryptocurrencies on the platform.

Bitfinex works with 2 different third parties to provide the new payment service to its users. Such cryptocurrencies as Bitcoin, Tether, Ethereum, and other ERC20 tokens are available for purchase.

The research on the most preferred online payment methods revealed that credit cards are the primary option, followed by electronic payment and debit cards.

At the same time, cryptocurrencies are still growing both as means of payment and assets. The global blockchain market size is expected to reach $57 million by 2025, with around $6 billion of daily transactions for Bitcoin alone.