Bitfinex announces the launch of crypto payment technology

Bitfinex announces the launch of crypto payment technology
March 04
12:36 2021

Bitfinex, a cryptocurrency exchange founded in 2012, has announced the launch of crypto payment technology Bitfinex Pay. As per the announcement, the technology will allow online merchants to accept payments in digital currencies.

Bitfinex Pay can be placed on a website as a widget. Then, by clicking on it, customers go to the payment gateway that allows them to use crypto. Merchants will receive payments from their customers to their wallets on the Bitfinex platform, the announcement says. At the moment, the widget allows accepting payments in Bitcoin (BTC) and Lightning Network BTC (LN-BTC), Ethereum (ETH), and Tether (USDT).

Bitfines ranks fifth on CoinMarketCap.com by traffic, liquidity, and trading volume. The exchange has recently appeared in the news as the New York Attorney General Letitia James required Bitfinex and Tether to stop trading in New York State. Along with halting their operations, the firms also will pay an $18.5 million fine, Decrypt says. As per the source, the investigation into the firms led to the conclusion that companies misrepresented the backing of Tether by US dollar.  

Some of the leading crypto exchanges also offer cryptocurrency payment technology. For instance, Binance recently launched Binance Pay. Moreover, Coinbase’s service Coinbase Commerce integrates with Shopify and WooCommerce stores.

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