Polimec Integrates Banxa: A New Dawn For Web3 Fundraising On Polkadot

Polimec, a permissionless fundraising infrastructure protocol is elated to integrate with Banxa, to allow users to invest in blockchain projects using credit cards, making it easier for all users to access the Polkadot ecosystem.

Polimec and Banxa partnered to solve the current changes users face when transitioning from tradfi to defi. Through this strategic partnership, the two hope to encourage the mass adoption of blockchain and its technologies and close the gap between Web2 and Web3. 

Harnessing Banxa’s infrastructure, Polimec will now be able to meet its payment needs, enhancing its overall efficiency and accessibility. Users can easily convert their USD or EUR to USDT, USDC, or DOT to invest in blockchain fundraisers.

Known as a bridge between fiat and cryptocurrencies, Banxa will use its infrastructure designed to optimize conversion rates. The infrastructure provides competitive exchange rates, a seamless user experience, and lower fees. 

Commenting on the integration, Flavio Bianchi, Foundation Council at Polimec, stated:

“This partnership with Banxa enhances Polimec’s mission to streamline Web3 fundraising. By integrating Banxa’s fiat-to-crypto gateway, Polimec is making the onboarding process more inclusive, allowing for broader participation and creating new opportunities for all types of investors.”

Polimec has strived to provide an automated framework for projects, allowing them to raise funds. Through this platform, different stakeholders can participate in funding rounds in a controlled and regulatory compliance environment. Since its launch, the platform has helped solve different challenges in the fundraising process, including misalignment of stakeholder interests and information asymmetries, limited accessibility, and centralized processes with inherent counterparty risks. 

Launched in 2014, Banxa has set a distinguished track record of success. The platform has played a key role in onboarding different users from across the globe, recording billions in a transaction. Partnering up with Banxa will reportedly help streamline this process, making it easier for more people to engage with decentralised finance. 

To enjoy this integration’s benefits, a user must select the Banxa option on the Polimec platform. The user will then pay using their fiat currencies, which are instantly converted to the desired tokens for investors.