- Binance’s CEO Changpeng Zhao said that the service which would now make the lives of Australians much more comfortable.
- The payment portal would let the users to purchases of BitCoin securely by making bank transfers directly from the Australian bank accounts.
- The cryptocurrencies which would be bought via this POLi Payment from now till 20 March 2020, would levy zero fees on its user.
Binance Lite Australia, a secure and reliable new platform which provides a brokerage service from cash to bitcoin, now extends its collaboration with POLi Payments, the online payments company. This will allow the users of Binance Lite users to purchase Bitcoin directly via internet bank transfer using the POLi Payments.
Binance’s CEO Changpeng Zhao said that the service which would now make the lives of Australians much more comfortable as they nowadays saw using cryptocurrencies more frequently. Zhao also added that the POLi Payments would now also help Binance to expand its territories and would also help in the easier access in Australia.
– Zhao said.
POLi Payments, also called Centricom, has been acquired by SecurePay Holdings, the payment gateway provider, and has a customer base in New Zealand and Australia. The payment portal would let the users to purchases of BitCoin securely by making bank transfers directly from the Australian bank accounts.
These purchases can be made via desktops or mobiles. Now it has been stated that the cryptocurrencies which would be bought via this POLi Payment from now till 20 March 2020, would levy zero fees on its user.
The collab would affect millions in Australia and surroundings, thus keeping this in mind, POLi Payments and Binance have laid some guidelines. Firstly, only those users who would have both level 1 and level 2 KYC verification on Binance Lite Australia, would be able to use the POLi Payments. Also, for the level 2 verification, people must have a valid Australian mobile number.
Second, the new escrow feature of Binance protects the users from fraud. This secure processing technology, which locks the real-time Bitcoin prices at purchase while the bank clears the fund for users to receive their cryptos, provides a low-risk environment for the customers.
Binance also recently launched its plans for launching a crypto-bracked debit card. The rewarding debit card is a tie-up between the company and TravelBIt, the Australian start-up. The card is compatible with many merchants and travel sites and offers fantastic deals and cashback for the users.
Finally concluding it wouldn’t be wrong to say that the Binance Lite Australia has its network spread over 1,300+ supported newsagents across the Australian continent through POLi Internet banking, along with the conversion of cash to bitcoin services. Both of these collaborations would result in a better future with the usage of cryptocurrencies.