Simplex Allows Users To Buy Crypto With Credit Card In JPY And CAD
News
Simplex Allows Users To Buy Crypto With Credit Card In JPY And CAD
December 10, 2019
Simplex Allows Users To Buy Crypto With Credit Card In JPY And CAD
News
Simplex Allows Users To Buy Crypto With Credit Card In JPY And CAD
December 10, 2019

Simplex, the Israeli-based fintech and cryptocurrency firm, now supports two new fiat currencies: the Japanese Yen (JPY) and the Canadian Dollar (CAD).

On December 9, it has been reported by The Block that after the addition, Binance, Simplex’s partner exchange, will be able to buy crypto through credit cards by using JPY and CAD.

It has been analyzed that a spokesperson of Simplex confirmed the report by noting that the company’s partners are now able to allow their users to buy crypto using CAD or JPY on their credit card. However, the representative has not specified what companies would be first to enable the feature.

In conjunction with new currencies’ addition, Simplex has also announced a new partnership with OKEx, the major cryptocurrency exchange.

ALSO READ :  South Korean City Busan Launches Blockchain-Based ID App To Verify Citizen Information

According to a tweet from December 9, Simplex has partnered with OKEx to allow its users to buy Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC) through debit and credit cards.

However, the new feature is available on the official website of OKEx.

Moreover, Nimrod Lehavi, the CEO and Founder of Simplex, reportedly revealed the company’s plans to add Russian rubles and Turkish lira support “very soon.”

Lehavi claimed that Japan and Canada are not only two of the top markets for crypto but also “among the top 10 territories for credit card usage globally.”

As it has been previously reported, Simplex is a European Union-licensed financial institution and payments processing provider. With offices in Israel, the United Kingdom, the United States, and Lithuania, the company provides “fraud-free” payment processing services to companies including Shapeshift, the Litecoin Foundation, Xapo, and Changelly.

ALSO READ :  LinkedIn Co-Founder Allen Blue Says Careers Like Blockchain Outlines Risks For Women

According to the report, Simplex supported three fiat currencies before adding CAD and JPY: the U.S. dollar, Euro and the British pound. Alongside Binance, other partner exchanges include OKCoin, KuCoin, Huobi, and Poloniex, among others.

Thus, Binance partnered with Simplex to unlock credit card crypto purchases in January 2019.

Source: theblockcrypto.com | cointelegraph.com

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.