Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments

Zug, Switzerland, October 18th, 2024, Chainwire

Polimec, a decentralized Web3 fundraising protocol on Polkadot, is excited to announce its integration with Banxa, a prominent fiat-to-crypto gateway. This integration allows users to invest in blockchain projects using credit cards, introducing a new user experience and making it easier for both experienced and new investors to participate in Web3 fundraising.

What’s New?

Through Banxa’s integration, Polimec users can instantly convert fiat currencies, such as USD and EUR, into tokens like USDT, USDC, and DOT, which can be used to invest in blockchain fundraises. This development is a major step in bridging the gap between traditional finance (Web2) and decentralized finance (Web3), providing seamless access to Web3 investment opportunities.

Why This Matters

Polimec is designed to facilitate secure, compliant, and transparent capital raises in the dynamic Web3 space. The growing demand for compliant and transparent fundraising mechanisms makes this integration particularly timely and important.

By incorporating Banxa’s fiat-to-crypto gateway, Polimec significantly lowers the barriers to entry for Web3 fundraising. The integration enables both crypto veterans and newcomers to participate in blockchain fundraises using familiar fiat currencies, such as USD and EUR, removing the need for complex conversions.

“This partnership with Banxa enhances Polimec’s mission to streamline Web3 fundraising,” said Flavio Bianchi, Foundation Council at Polimec. “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.”

How It Works

Participating in Polimec fundraises is straightforward:

Step 1: Select Banxa as the preferred payment method.
Step 2: Pay with a fiat currency, such as USD or EUR, using a credit card.
Step 3: Instantly receive participation tokens in the investor’s crypto wallet.

This simplified process allows users to engage in blockchain projects without the need to navigate complicated crypto conversions, making the experience more accessible and user-friendly.

What’s Next?

This collaboration marks another milestone in Polimec’s ongoing effort to improve user experience and accessibility. Polimec is actively working on additional features to further streamline the investment process and enhance the capabilities of the Polimec Protocol.

With Banxa now integrated, Polimec is advancing toward its goal of making multichain Web3 investments more accessible on a global scale.

About Polimec

Polimec is a permissionless fundraising infrastructure protocol providing an automated framework for projects to raise funds within a broad and diverse investor base with transparent and fair access for all. The protocol allows access to fundraising and governs the issuance, distribution, and conversion of tokens to mainnet.