This strategic development will accelerate DeFi expansion on Reef by broadening capital/fiat access from different cards—Mastercard, Visa, PayPal, and more.
We're thrilled to announce the successful integration of Binance Connect into the Reef Chain ecosystem.
This integration allows dApps on Reef Chain to access the fiat on-ramp solution through Binance Connect, allowing a seamless and simplified way to participate in the Reef ecosystem while streamlining the onboarding experience for millions of users worldwide.
Binance Connect will create a bridge between fiat and crypto payments by embedding into the Reef Chain, allowing dApps on Reef to set up a direct fiat on-ramp and fostering the growth of DeFi in our ecosystem.
Moreover, DeFi projects on Reef will be able to seamlessly execute transactions within their apps using this fiat on-ramp solution with traditional payment services providers like Visa, Mastercard, PayPal, and other localized payment channels. This streamlined approach aims to enhance user experience, and foster widespread adoption.
Binance Connect offers one of the safest and most seamless crypto on-ramp (fiat-to-crypto) services worldwide. Powered by Binance, this payment infrastructure enables easy onboarding of masses to Web3 while bridging the TradFi and expanding the blockchain space.
“Simplified solutions; advanced adoption. At Reef, we believe in offering simplified solutions to the user, and the integration of Binance Connect into the Reef ecosystem contributes exactly towards that. We are focusing on exploring more ways to support dApps & developers on Reef to make Web3 accessible to the next billion users. 2023 is the year for greater adoption on Reef.” — Denko Mancheski, CEO & Founder of Reef!
👇Get hands on $REEF with fiat, starting today. Here’s a step-by-step guide https://www.binance.com/en/how-to-buy/reef
About Binance Connect
Leading payment infrastructure connecting traditional finance to world-leading and emerging blockchains, transforming how businesses and people send and receive money around the world.
The Binance Connect vision is to create an open, financial world where people from all walks of life and businesses, big or small, can participate and realize their financial goals.
Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the future blockchain for NFTs, DeFi, and gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless.
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🌎 Website: https://reef.io
🐦 Twitter: https://twitter.com/Reef_Chain
🗣 Discord: https://discord.gg/reefchain
💬 Telegram: https://t.me/reefchain
📸 Instagram: https://www.instagram.com/reef.io
🤖 Reddit: https://www.reddit.com/r/ReefDeFi/