Bitbns joins the PayID Open Payments Coalition along with Ripple and other leading fintechs
International transactions have been inefficient since forever. This in 2020 is set to change with PayID. Bitbns is joining a coalition of 40 global companies who are putting efforts for PayID
PayID is a universal payment ID that simplifies the process of sending and receiving money globally, across any payment network and currency. PayID makes sending money simple and easy with a vision to break down the repositories that exist in payments and change how money is sent globally. You can send bitcoin or USD or INR without remembering a public address or IFSC or long bank account numbers. Traditional bank accounts or new digital wallet PayIDs work across any payment network of any currency.
“Bitbns has been a long-time partner of Ripple’s. Bitbns has the highest trading volume for XRP in India. International, cross-border payments industry has been ripe for disruption and we see PayID playing a pivotal role in achieving that. We are excited to facilitate borderless, frictionless instant transactions for free for users” — Gaurav Dahake, Bitbns CEO
PayID brings together companies across all industries with the first-ever global solution for payments, marrying traditional finance and the new world of fintech under one standard.
For more information on PayID, visit www.payid.org and the PayID Coalition.
Bitbns:
Bitbns is India’s largest crypto exchange and aims to build the easiest and fastest way for anyone to trade crypto. Operating since Dec 2017 Bitbns has users from over 180 countries in the world and has facilitated over 2.5 billion USD worth of trade.
