(PRESS RELEASE – GRAND CAYMAN, Cayman Islands, January 29, 2024)
Users will benefit from 0% entry fees to access SUI tokens on Banxa for a limited time.*
(*Fee waiver is not available for UK customers)
Banxa, the leading payment infrastructure provider for the crypto-friendly economy, announced that it will add the SUI token to its platform. The integration will increase access to the Sui blockchain for users around the world, thanks to a suite of Banxa's local and global payment methods, which have processed more than $3 billion in transactions since its launch in 2014. Additionally, Mysten Labs' Sui Wallet will provide users with the opportunity to purchase SUI tokens through Banxa's on-ramp and, once fully integrated, use their exit solution.
For a limited time, there will be no transaction gateway fees to purchase SUI at 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.
“Fiat on- and off-ramps have long been a source of friction for the crypto industry. That is why it is so important that Banxa, a platform that eliminates that friction, joins the Sui ecosystem,” said Greg Siourunis, CEO of the Sui Foundation. “I am excited about the technical possibilities, broad access and optionality that this integration will offer the Sui community while ensuring KYC compliance at every step.”
As a result of Banxa's integration into the Sui ecosystem, developers using Sui will now be able to take advantage of the powerful features provided by Banxa to add more functionality and compliance measures to their dApps. For example, the nft payment solution will provide an improved 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 interact with a dApp that offers a seamless and convenient transition between fiat and crypto currency.
“We believe Sui is the most powerful and efficient blockchain in the industry,” said Holger Arians, CEO of Banxa. “The rapid growth of the Sui ecosystem since its launch on mainnet is something we are excited to leverage to advance our core goal of increasing the adoption of blockchain technology.”
Contact
Sui Foundation
[email protected]
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