Polymech Announces Merger With Banksa, Simplifying Web3 Fundraising Through Polkadot With Fiat Payments
Zug, Switzerland, October 18, 2024, Chainwire
Polimec is excited to announce the integration of its decentralized Web3 fundraising protocol, Polkadot, with Banxa, the popular fiat-to-crypto gateway. This integration will make it easier for users to invest in blockchain projects using credit cards, introducing a new user experience and making it easier for experienced and new investors to participate in Web3 fundraising.
what is new?
With Banksa's integration, PoliMech users can convert fiat currencies like USD and EUR into tokens like USDT, USDC and DOT, which can be used to invest in blockchain fundraising. This development is a major step in bridging the gap between traditional finance (Web2) and decentralized finance (Web3) to provide seamless access to Web3 investment opportunities.
Why is this important?
Polymech is designed to facilitate secure, compliant and transparent capital raising in the dynamic Web3 space. The growing trend of compliant and transparent fundraising methods makes this integration particularly timely and important.
By incorporating Banxa's fiat-to-crypto gateway, Polymec significantly lowers the barriers to entry for Web3 fundraising. The integration makes it possible for both crypto veterans and newcomers to participate in blockchain fundraising using familiar fiat currencies, such as dollars and euros, eliminating the need for complex conversions.
“This partnership with Banksa furthers Polimec's mission to facilitate Web3 fundraising,” said Flavio Bianchi, Polimec's Foundation Council. “By integrating Banksan's fiat-to-crypto gateway, Polimech is making the onboarding process more inclusive, enabling wider participation and creating new opportunities for all types of investors.”
How it works
Participating in Polymec's fundraisers is straightforward:
Step 1: Select Banxa as your preferred payment method. Step 2: Pay using a credit card in a currency such as dollars or euros. Step 3: Instantly receive participation tokens in the investor's crypto wallet.
This simple process allows users to participate in blockchain projects without having to navigate complex crypto conversions, making the experience more accessible and user-friendly.
What's next?
This collaboration is another milestone in Polimec's efforts to improve user experience and accessibility. Polymech is actively working on additional features to further streamline the investment process and enhance the capabilities of the Polymech protocol.
With Banxa now integrated, Polymec is moving towards its goal of making multichain Web3 investments globally accessible.
About polymech
Polimec's permissionless fundraising infrastructure protocol is an automated framework for projects to raise funds across a wide and diverse pool of investors and a protocol with transparent and fair access for all. The protocol allows access to fundraising and controls the issuing, distribution and exchange of tokens to the network.
Connect
Foundation CouncilFlavio BianchiPolimec[email protected]
