How to embed BUSD crypto payments into your app?
How to embed BUSD crypto payments into your app?
- Striga
- 4 min read
Table of Contents
Striga offers BUSD accounts allowing users to transact BUSD directly into and from their wallet. They can swap, buy, sell, withdraw, and deposit BUSD in this account.
Binance USD, commonly known as BUSD, was launched in 2019 by a collaboration between cryptocurrency exchange Binance and blockchain infrastructure company Paxos. It is regulated by the New York State Department of Financial Services (NYDFS) and is tied 1:1 to the US dollar. It is the third largest stablecoin by market capitalization after USDT and USDC and is issued on multiple blockchain networks, including Ethereum, BNB Chain, Polygon, and Avalanche.
What are the benefits of BUSD crypto payment accounts?
Stability for P2P transfers
Since BUSD is tied to the US dollar, it is very stable, unlike other cryptocurrencies.
High liquidity
BUSD has high liquidity and is the fourth-most available stablecoin in the market, available in 132 exchanges as of 30 Sept 2022
Fast and low fees
BUSD is significantly cheaper and faster than conventional ways of transferring money.
Accessible and transparent
BUSD pairs with multiple cryptocurrencies and is integrated with various DeFi platforms, making it one of the most accessible cryptocurrencies. You can send and receive payments with BUSD anywhere in the world irrespective of location. It is also audited monthly by third-party auditors and the reports are made public for transparency.
Issue BUSD crypto cards to your end-users
Striga allows easily creating, managing, and growing a BUSD card program. You can issue your own branded BUSD-backed physical and virtual cards. This card will be linked to the BUSD account, and when a transaction is done through the cards it will be deducted directly from the BUSD balance in the account, swapped to fiat in real-time. These cards are also fully customizable. You can set personalized spending limits, swiftly authorize decisions in real time, restrict specific merchant categories through Webhook endpoints, and verify transactions seamlessly via SMS confirmation.
All of these features and benefits of BUSD accounts and cards are accessible via Striga APIs.
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