Banxa Integration Brings Seamless and Affordable Fiat On-Ramps to Sui, Off-Ramps Coming Soon

adminFebruary 1, 2024

GRAND CAYMAN, Cayman Islands, January 29, 2024, Chainwire

For a limited time, users can enjoy 0% gateway fees when accessing SUI tokens on Banxa.*

**(*No fee waiver is available for UK customers.)**

Banxa, a leading payment infrastructure provider for cryptocurrency-compatible economies, announced that it will be adding the SUI token to its platform. This integration will increase access to the Sui blockchain for users around the world thanks to Banxa’s global and local payment methods, which have processed more than $3 billion in transactions since launching in 2014. Additionally, Mysten Labs’ Sui Wallet offers: Users will have the opportunity to purchase SUI tokens through Banxa’s onramp and utilize the offramp solution once fully integrated.

For a limited time, there will be no transaction gateway fees charged for SUI purchases on Banxa. Thanks to this integration, users of the most well-known Web3 platforms, including Ledger, OKX, and MetaMask, can now seamlessly access Sui, initially without any fees.

“For a long time, fiat entry and exit has been a source of friction for the cryptocurrency industry. That’s why it’s so important that Banxa, a platform that removes this friction, joins the Sui ecosystem,” said Greg Siourounis, Executive Director of the Sui Foundation. “We are excited about the technical possibilities, broad access and optionality this integration will offer the Sui community, while ensuring KYC compliance at each step.”

With Banxa’s integration into the Sui ecosystem, developers building on Sui can now leverage the powerful features Banxa offers to add more features and compliance measures to their dApps. For example, NFT payment solutions provide end users with an enhanced NFT selling experience. Additionally, developers can improve the overall user experience by reducing friction in the onboarding and offboarding processes. Users are more likely to engage with dApps that offer seamless and convenient conversion between fiat and cryptocurrency.

“We believe Sui is the most powerful and high-performing blockchain in the space,” said Holger Arians, CEO of Banxa. “The rapid growth of the Sui ecosystem since its mainnet launch is something we are excited to leverage to achieve our core goal of increasing adoption of blockchain technology.”