- Binance Connect, backed by Binance, partners with Crypto Wallet provider SafePal.
- The Payment infrastructure provider, Binance Connect is no stranger to striking up partnerships: Trust Wallet is a living testimony
- Binance and SafePal are yet to make a statement on their ulterior motive for linking up
Binance Connect, a global payment infrastructure provider backed by Binance, announced that it has entered into a partnership with SafePal, a cryptocurrency wallet provider.
As the first hardware portfolio backed by Binance labs, SafePal serves more than six million people around the globe. It serves the industry by providing hardware wallets, software wallets, and extension wallet product lines all through the SafePal App.
The new collaboration with Binance will enable users on SafePal to view 200+ cryptocurrencies which they can directly purchase using their credit cards. In addition, SafePal supports 20 blockchains that include Binance Chain, Binance Smart Chain, and 10,000+ Tokens, including Non-Fungible tokens (NFTs).
This is not the first instance that Binance Connect linked up with a Wallet provider. Binance collaborated with Trust Wallet, one of the largest multi-chain self-custodial crypto wallets, in June. Trust Wallet claims to be the leading mobile self-custodial wallet. The wallet serves beyond 66 million users to send and receive 4.5 million digital assets and NFTs on 66 blockchain networks with full ownership.
Regarding the partnership with Trust Wallet, Zoe Wei, Executive Director of Binance Connect, said, “Our goal at Binance Connect has always been to increase crypto adoption and bridge the gap between traditional finance and the crypto economy. This partnership with Trust Wallet will help bring new users to Web3 in a convenient way.”
At the time of writing, there is no official statement either from Binance Connect or Safepal concerning the purpose of the partnership. However, the decision to collaborate might support SafePal and Binance Connect to serve their clients better.