Polimec announces integration with Banxa and simplifies the web3 fundraising on Polkadot with Fiat payments

Zug, Switzerland, October 18, 2024, Chainwire

Polimec, a decentralized web3 fundraising protocol on Polkadot, is pleased to announce its integration with Banxa, a well-known Fiat-to-crypto gateway. This integration enables users to invest in blockchain projects with credit cards, which offers a new user experience and makes it easier for both experienced and new investors to take part in Web3-Fundraising.

what is new?

By integrating Banxa, Polimec users can immediately convert fiat currencies such as USD and EUR into token such as USDT, USDC and DOT that can be used for investments in blockchain donation actions. This development is an important step to bridge the gap between traditional finance (web2) and decentralized finance (web3) and offers seamless access to web3 investment options.

why is that important

Polimec was developed to enable safe, legal and transparent capital procurement in the dynamic web3 area. The growing demand for compliant and transparent fundraising mechanisms makes this integration particularly topical and important.

By integrating the Fiat-to-crypto gateways from Banxa, Polimec significantly lowers the entry barriers for web3 fundraising. The integration enables both crypto veterans and newcomers to participate in blockchain donation campaigns with well-known Fiat currencies such as USD and EUR, which means that complex conversations are superfluous.

"This partnership with Banxa strengthens Polimecs Mission to optimize the creation of funds for Web3," said Flavio Bianchi, boarding board at Polimec. "By integrating Banxa's fiat to crypto gateways, Polimec designs the onboarding process more integrative, enables broader participation and creates new opportunities for all types of investors."

how it works

Participation in Polimec donation actions is uncomplicated:

• Step 1: Select Banxa as a preferred payment method.
• Step 2: Pay with a Fiat currency like USD or EUR by credit card.
• Step 3: Get participation token in the investor's crypto wallet.

This simplified process enables users to participate in blockchain projects without having to navigate through complicated crypto conversions, which makes the experience more accessible and user-friendly.

What's next?

This cooperation marks another milestone in Polimecs ongoing efforts to improve user experience and accessibility. Polimec is actively working on additional functions to further rationalize the investment process and improve the capabilities of the Polimec protocol.

With the integration of Banxa, Polimec gets closer to its goal of making multicit-web3 investments more accessible on a global level.

via polimec

polimec is a free fundraising infrastructure protocol that is an automated framework for projects for average and a wide range of investor base with transparent Offers access for everyone. The protocol enables access to fundraising and regulates the output, distribution and conversion of tokens into the Mainnet.

Contact

Foundation council
flavio bianchi
polimec
[Email Protected]