Just recently unveiled, Linea’s cutting-edge mainnet alpha presents a revolutionary user experience, encompassing an expansive ecosystem of over 100 protocols, partners, dapps, and seamlessly integrated user-friendly connections to top-tier web3 products such as MetaMask. This integration empowers users to effortlessly explore and leverage curated web3 features.

The mainnet significantly improves Ethereum’s scalability, as well as provides curated web3 features including fast finality, high throughput, and low latency for DeFi applications, NFTs, gaming, and social apps. The upgrade also introduces a new outer-proof system, batch conflation, and a dynamic fee mechanism to manage changes in L1 gas fees.

Banxa’s integration onto the Linea mainnet as one of the first partners will allow developers to leverage its seamless fiat-to-crypto on-ramping infrastructure and other decentralized payment services to deliver a premier user experience.

Nearly six months after Banxa first announced its partnership with MetaMask, this latest update demonstrates the continued commitment of the two companies to expand the capabilities of the Ethereum ecosystem to users all over the world.

Linea is currently onboarding premium partners this week, with the ecosystem being open for business for users week commencing 17th July 2023.

Linea combines the power of zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, allowing builders to create scalable decentralized applications (dapps) or migrate existing ones without the hassle of changing code or rewriting smart contracts.

Moreover, Linea empowers users, builders, and developers to build a new generation of scalable Ethereum dapps. The alpha release delivers faster throughput, and transaction fees up to 15 times lower than Ethereum layer 1 (L1). In addition, the release enables deeper integrations with MetaMask, which plans to offer Linea to users of their popular Bridge, Swap, and Buy features in Portfolio.

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By leveraging Banxa’s new OpenRamp, The Graph offers direct access to blockchain data without the need for users to engage with centralized exchanges or platforms. Banxa’s integration fulfills all fiat transactions directly to The Graph’s billing contracts, so dapp developers and data consumers alike can start using The Graph’s decentralized network for any indexing needs without having to complete multiple transactions between fiat and crypto. As the internet continues to move towards an increasingly decentralized, multi-chain future with web3, it will be more essential than ever for users to be able to transact seamlessly across protocols and networks using their preferred currencies and methods of payment.

The Graph’s integration with Banxa has created an entirely new way to empower B2B2C projects in both Web2 and Web3 by providing the ability to pay in a way familiar to common software-as-a-service (SaaS) platforms using Banxa’s vast array of payment methods. This capability paves the way for a user experience on par with traditional enterprise SaaS models while maintaining all the benefits of decentralized technology, unlocking an ecosystem in which all fiat-to-crypto and crypto-to-crypto interactions can occur.

About The Graph

The Graph is the indexing and query layer of web3. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from over 39 different networks including Ethereum, NEAR, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, IPFS, Cosmos Hub and PoA with more networks coming soon. To date, 74,000+ subgraphs have been deployed on the hosted service. Tens of thousands of developers use The Graph for applications such as Uniswap, Synthetix, KnownOrigin, Art Blocks, Gnosis, Balancer, Livepeer, DAOstack, Audius, Decentraland, and many others.

About BANXA Holdings Inc.

Banxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solution. Through its extensive network of local payment solutions p‍aired with the required crypto licences, 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.

SOURCE:

https://blog.banxa.com/thegraph/

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Banxa’s platform supports multiple cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and others. It also supports fiat currencies such as USD, EUR, AUD, and CAD. Banxa provides a suite of services to businesses, including payment processing, KYC/AML compliance, fraud prevention, and customer support.

Banxa’s payment processing solutions are available in over 180 countries and allow businesses to accept payments from customers around the world. The company’s platform is designed to be simple and user-friendly, with a focus on security and compliance.

Banxa is headquartered in Australia and is regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). The company is also licensed to operate in Canada and Europe.

Banxa Platform Features

Banxa offers a range of features that enable businesses to accept cryptocurrency payments and comply with regulatory requirements. Some of the key features of Banxa include:

1. Multi-currency support
   Banxa’s platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and others, as well as fiat currencies such as USD, EUR, AUD, and CAD.
2. Payment processing
   Banxa provides businesses with a range of payment processing solutions, including payment gateways, APIs, and widgets, to help them accept cryptocurrency payments from customers.
3. KYC/AML compliance
   Banxa helps businesses comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations by verifying customer identities and monitoring transactions for suspicious activity.
4. Fraud prevention
   Banxa’s platform includes advanced fraud prevention measures, such as IP blocking, velocity checks, and transaction monitoring, to help businesses reduce the risk of fraudulent transactions.
5. Customer support
   Banxa provides businesses with dedicated customer support, including email and phone support, to help them resolve any issues they may encounter while using the platform.
6. Global coverage
   Banxa’s payment processing solutions are available in over 180 countries, enabling businesses to accept payments from customers around the world.
7. Security
   Banxa’s platform is designed to be secure and compliant, with features such as SSL encryption, two-factor authentication, and PCI DSS compliance.

Overall, Banxa’s features make it a reliable and secure payment service provider for businesses that want to accept cryptocurrency payments and comply with regulatory requirements.

How to use the Banxa Platform

If you are a business that wants to use Banxa to accept cryptocurrency payments. Here are the steps you need to follow:

If you are a business that wants to use Banxa to accept cryptocurrency payments. Here are the steps you need to follow:

1. Create an account
   First, you need to create an account on Banxa’s website. You will need to provide some basic information about your business and complete the KYC/AML verification process.
2. Choose payment methods
   Next, you can choose which payment methods you want to offer to your customers. Banxa supports a range of payment methods, including credit/debit cards, bank transfers, and cryptocurrency wallets.
3. Integrate Banxa
   Once you have selected your payment methods, you can integrate Banxa into your website or app using Banxa’s payment gateway, APIs, or widgets. Banxa provides documentation and support to help you with the integration process.
4. Test and launch
   After integrating Banxa, you can test the payment flow to ensure everything is working correctly.  You can launch your payment solution and start accepting cryptocurrency payments from your customers.
5. Manage transactions
   Banxa provides tools for businesses to manage their transactions, including transaction monitoring, reporting, and dispute resolution. You can also access customer support if you encounter any issues or need assistance.

Overall, using Banxa to accept cryptocurrency payments is a straightforward process that involves creating an account, selecting payment methods, integrating Banxa, testing and launching, and managing transactions. Banxa provides tools and support to help businesses throughout the entire process.

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Banxa” or “The Company”, the leading on-and-off ramp solution for Web3, today announced an integration with ConsenSys’ leading self-custody Web3 wallet, MetaMask, to simplify on-and-off ramping fiat to crypto.

Partnership Importance

On top of global users being able to purchase crypto via standard methods such as credit cards and Apple Pay, this partnership will now allow MetaMask users in Canada to purchase crypto through the interbank network Interac with less friction. In addition, MetaMask users in the Netherlands, Australia, South Africa, and Turkey gain new access to Banxa’s crypto on-ramps through local banking infrastructure.

Collaboration Explanation

Recent disruptions in the crypto market have increased demand for self-custody wallet solutions, which allow users to maintain complete control of their digital assets. However, prior to MetaMask’s integration with Banxa, users in South Africa, Netherlands, Australia, and Turkey were not able to use local banking transfer services to on-ramp onto MetaMask’s self-custody wallet.

Banxa’s on-ramp enables users to seamlessly move fiat funds on-chain. With an extensive network of compliant local payment solutions, Banxa facilitates transfers across the Web3 world, maintaining high local alternative payment method (APM) conversion rates along with lower fees from local processing. Banxa provides a straightforward and efficient KYC process to MetaMask’s users and takes on all regulatory compliance legwork.

As a result of this integration, MetaMask and its users will benefit from:

• Alternative Payment Methods (APMs): Banxa boasts one of the largest ranges of both global and local payment methods of any on-ramp, and MetaMask users now have access to new options such as PayID, POLi, and iDEAL – in addition to the variety of other payment methods that Banxa offers, including PIX in Brazil, ACH in the U.S., SEPA in Europe, and many more.
• Local Banking Infrastructure for New Markets + Lower Fees: MetaMask is expanding coverage in the Netherlands, South Africa, Turkey, and Australia regions with local payment methods, removing the need for cross-border transactions. Leveraging Banxa’s local acquiring licenses in these regions increases credit card conversion and significantly reduces fees for end users.
• Compliance Peace-of-Mind: Banxa provides a secure and regulatory-compliant payment channel for businesses to allow their customers to safely use cryptocurrency.Simplified Onboarding: Banxa joins a number of existing solutions that make it easy for users, especially crypto novices, to access and store funds on MetaMask.

“MetaMask is one of the most reputable and trusted wallets in the space. Crypto users deserve reliable, accessible, and fast transactions. We are excited to play a role in MetaMask’s journey by offering one of the widest ranges of global and local payment methods for their users.”—Holger Arians, CEO of Banxa

“With more global interest in self-custody wallets than ever before, Baxa removes barriers by plugging into local banking solutions already popular with our users. A bad user experience is a major hurdle to the mass adoption of crypto. Banxa addresses this issue head-on by providing a bridge from CeFi to DeFi – and everywhere in between.”— Lorenzo Santos, Product Manager at MetaMask

What’s Next

Banxa is further accelerating blockchain adoption by serving as the premier entry point for the decentralized space, including Wallets, DeFi, Gaming, NFT Marketplaces, and other dapps. Earlier this year, Banxa announced strategic partnerships with other key players in the decentralized finance sector such as dYdX, ZenGo, GMX, and Edge, among others.

This integration will be launched on the MetaMask mobile app first and will be made available for extension users in the coming weeks.

ABOUT Banxa

Banxa offers more global and local payment options than any other on-and-off-ramp solution resulting in conversion rates up to three times higher than credit card-only solutions.

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Banxa’s Fiat-to-Crypto solution allows BitKeep’s customers to purchase cryptocurrencies quickly and easily, using a range of global and local payment methods, including Visa, Mastercard, Apple Pay, and Google Wallet. BitKeep’s crypto wallet provides safe storage of cryptocurrencies of which they support more than 220,000, as well as more than 10,000 DApps. BitKeep’s customers can use their wallet in more than 168 countries and regions and to date, has seen transactions exceed $50 billion. As Banxa announced its partnership with Bitkeep.

BitKeep is positioning itself to acquire new customers and increase its total transaction volume once the market turns a corner. By integrating Banxa’s fiat-to-crypto solution, customers will enjoy a smoother journey into the world of Web3 which for BitKeep, means higher conversions and customer satisfaction.

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Banxa offers users multiple payment methods with less friction, lower fees and fraud protection, supporting a wide array of users in the StarkNet community.

Argent, backed by leading investors Paradigm, Fabric Ventures and Animoca, is a trailblazer in creating a simple way to buy, store and transact Ethereum-based cryptocurrencies. Their open-source, multi-signature wallet features unparalleled user experience, transparency and a seamless ability to integrate dApps, including crypto lending platforms and decentralized exchanges. Argent X is built on layer-two StarkNet, a permissionless decentralized ZK-Rollup on Ethereum that allows dApps to achieve unlimited scale while preserving composability and security.

They continue supporting the growing StarkNet ecosystem with dedication to open-source and security.

“This partnership represents a major milestone for the StarkNet ecosystem. Argent X is an innovator propelling the StarkNet community forward.  We’re looking forward to collaborating in order to spearhead increased utilization of the Argent X wallet and bring more users into the network,” said Josh D’Ambrosio, Banxa’s CCO.

You can now use Banxa on Argent X with $ETH & $USDT cryptocurrencies and local payment options. Argent X joins Banxa’s growing list of marquee partners, including Binance, KuCoin, OKX, Huobi, WonderFi, and many more.

About BANXA Holdings Inc.

Banxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solution. 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.

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About Argent X

Argent is the most simple and secure smart wallet for all things DeFi and Web3. It gives you the best of Ethereum at a fraction of the cost. It’s built on zkSync, a Layer 2. We also have Argent Vault, for the highest security on Ethereum Layer 1. And Argent X, a browser wallet for StarkNet.

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SOURCE:
https://blog.banxa.com/banxa-announces-partnership-with-first-wallet-live-on-starknet-argent-x%EF%BF%BC/

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