Toronto, Ontario–(Newsfile Corp. – November 3, 2021) – On November 3rd, in Toronto, Canada, Biconomy announced the establishment of strategic cooperation with Brainpay, a Latin American electronic payment solution provider. The strategic cooperation includes multifaceted cooperation to help businesses and users in North America, Europe, Asia, Middle East and other regions, to enjoy more convenient solutions and services for the integration of cryptocurrency and legal currency.

Biconomy announced that this cooperation further expands the possibilities for the development of financial services such as “Crypto as Service” in the Biconomy business ecosystem, helping more merchants and users to access cryptocurrency functions in a more convenient and faster way. With the support of Brainpay, Biconomy will launch an independent e-wallet for consumers around the world. Consumers can purchase, sell, and hold digital assets through the custodial wallet, and can also apply for physical debit and credit cards based on the Visa and Master payment networks.

Dmitriy Sheludko, CEO of Biconomy, said that the proposal of Biconomy’s “Crypto as Service” financial solution is to further meet the needs of community users. “Our business ecology and community development are inseparable. We can see Every great business is built on the basis of a strong user community. This is especially true in the post-Internet era. Young people hope that their community can integrate more convenient services. Therefore, the Biconomy IT team has made unimaginable efforts and given up rest time in order to better and quickly launch high-quality services to community users.”

“In addition to providing services to the Biconomy community, we will empower e-wallets and global payment services to all blockchain innovation companies in the Biconomy ecosystem, so that they have global payment capabilities since their birth. After geographical restrictions, members of our ecology will move towards a broader global market and develop their own global communities more freely,” emphasized Dmitriy Sheludko.

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According to the information released by Biconomy, with the support of their partners, they plan to launch the Biconomy e-wallet on the Google Store and Apple Store before the end of 2021 to realize the in-wallet exchange between BIT token and legal currency. At the same time, the exchange function between mainstream Stablecoin and local legal tender will be launched in major countries around the world.

As global payment giants such as Visa and Master continue to deploy in the cryptocurrency field, large international exchanges have also launched various payment-related services based on electronic wallets. It is understood that exchanges such as Binance, Biconomy, and Coinbase are also expanding the possibility of integrating loyalty solutions with traditional merchants, including hotels, luxury jewelry brands, and airlines.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101888