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Simplex To Support Polkadot In Its Network Of Crypto Exchanges, Wallets, And Brokers

Simplex, the fiat-to-crypto on-ramp provider, has announced that it will support Polkadot in its network of crypto exchanges, wallets, and brokers.

It has been reported that Simplex said its integration of Polkadot and its DOT token would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer.

However, the financial institution is aiming for “mass cryptocurrency acquisition and adoption” by saying that the addition of DOT to its list of supported digital assets would bring it closer to this goal.

It’s another win for Polkadot as it gets added to Simplex’s ecosystem. Now users can use their credit or debit card to buy DOT on the platform. — Cointelegraph (@Cointelegraph) March 19, 2021

The report said that Simplex provides services to crypto exchanges including Binance and OKCoin. The firm has partnered with more than 350 crypto firms since its launch and enables the purchase of more than 50 cryptocurrencies through its network.

Most recently, the payment processor has been integrated into the Opera web browser.

Thus, projects that have joined the Polkadot ecosystem have also seen a boost in their token prices over the past few months. Ren (REN), Ocean Protocol (OCEAN), and the Celer Network (CELR) have led the way in facilitating cross-chain interoperability between networks, resulting in increases in the number of active tokenholders and each project’s trading volume.

Source: Cointelegraph



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