Polimec Integrates Banxa for Easy Fiat Payments in Web3 Fundraising

Zug, Switzerland, October 18th, 2024, Chainwire

Polimec, a decentralized Web3 fundraising protocol built on Polkadot, is thrilled to announce its partnership with Banxa, a leading fiat-to-crypto gateway. This collaboration enables users to invest in blockchain projects via credit card transactions, enhancing the user experience and simplifying participation for both seasoned and novice investors in Web3 fundraising.

What’s New?

With the integration of Banxa, Polimec users can quickly exchange fiat currencies like USD and EUR for tokens such as USDT, USDC, and DOT, facilitating investments in blockchain fundraising. This advancement is a significant move towards connecting traditional finance (Web2) with decentralized finance (Web3), offering streamlined access to Web3 investment opportunities.

Why This Matters

Polimec aims to provide a secure, compliant, and transparent approach to capital raising within the ever-evolving Web3 landscape. The increasing need for compliant and transparent fundraising solutions makes this integration timely and crucial.

By adding Banxa’s fiat-to-crypto gateway, Polimec greatly reduces the entry barriers for Web3 fundraising. This integration allows both cryptocurrency experts and newcomers to engage in blockchain fundraises using familiar fiat currencies such as USD and EUR, eliminating the need for complicated conversions.

“This collaboration with Banxa bolsters Polimec’s commitment to simplifying Web3 fundraising,” stated Flavio Bianchi, Foundation Council member at Polimec. “By integrating Banxa’s fiat-to-crypto gateway, Polimec is enhancing the onboarding experience, broadening participation, and creating new opportunities for all investors.”

How It Works

Engaging in Polimec fundraises is simple:

Step 1: Choose Banxa as your payment option.
Step 2: Make a payment using a fiat currency like USD or EUR with your credit card.
Step 3: Immediately receive participation tokens in your crypto wallet.

This streamlined process allows users to participate in blockchain projects without the hassle of navigating complicated crypto conversions, ensuring a more accessible and user-friendly experience.

What’s Next?

This partnership represents another step forward in Polimec’s relentless pursuit of optimizing user experience and accessibility. Polimec is actively developing additional features to further enhance the investment process and expand the capabilities of the Polimec Protocol.

With Banxa now integrated, Polimec is on track to realize its goal of making multichain Web3 investments more accessible worldwide.

About Polimec

Polimec is a permissionless fundraising protocol that provides a seamless framework for projects to raise capital while ensuring transparent and fair access for all participants within a diverse investor base. The protocol facilitates access to fundraising and governs the issuance, distribution, and conversion of tokens to mainnet.