CoinWorld reported:
[October 18, 2024, Zug, Switzerland]
Polimec, the decentralized Web3 fundraising protocol on Polkadot, is pleased to announce its integration with the renowned fiat-to-crypto gateway Banxa. This integration allows users to invest in blockchain projects using credit cards, introducing a new user experience and making it easier for both experienced and new investors to participate in Web3 fundraising.
What’s new?
Through the integration with Banxa, Polimec users can instantly convert fiat currencies such as USD and EUR into tokens like USDT, USDC, and DOT, which can be used for blockchain investments. This development is an important step in bridging the gap between traditional finance (Web2) and decentralized finance (Web3), providing seamless access to Web3 investment opportunities.
Why is this important?
Polimec aims to facilitate secure, compliant, and transparent fundraising in the dynamic Web3 space. The demand for compliant and transparent fundraising mechanisms is increasing, making this integration timely and significant.
By integrating Banxa’s fiat-to-crypto gateway, Polimec significantly lowers the barrier to entry for Web3 fundraising. This integration allows both crypto veterans and newcomers to participate in blockchain fundraising using familiar fiat currencies such as USD and EUR, eliminating the need for complex conversions.
Flavio Bianchi, a board member of the Polimec Foundation, stated, “The collaboration with Banxa strengthens Polimec’s mission to simplify Web3 fundraising. By integrating Banxa’s fiat currencies into the crypto gateway, Polimec makes the onboarding process more inclusive, allowing for broader participation and creating new opportunities for all types of investors.”
How does it work?
Participating in Polimec’s fundraising activities is simple:
Step 1: Choose Banxa as the preferred payment method.
Step 2: Pay with a credit card using fiat currencies such as USD or EUR.
Step 3: Immediately receive participation tokens in the investor’s crypto wallet.
This streamlined process enables users to participate in blockchain projects without navigating complex crypto conversions, making the experience more accessible and user-friendly.
What’s next?
This partnership marks another milestone in Polimec’s ongoing efforts to improve user experience and accessibility. Polimec is actively developing additional features to further simplify the investment process and enhance the capabilities of the Polimec protocol.
With the integration of Banxa, Polimec is moving towards its goal of making multi-chain Web3 investments more easily accessible globally.
About Polimec
Polimec is an unpermissioned fundraising infrastructure protocol that provides a automated framework for projects to raise funds within a broad and diverse investor base while offering transparency and fair access to everyone. The protocol enables access to fundraising and manages the issuance, distribution, and conversion of tokens to the mainnet.
