Bitcoin Exchange Trade.io Partners with Simplex to Add Buying Crypto Assets with Credit Cards Option
“It’s no secret that newcomers to crypto are hindered by complicated onboarding processes; we endeavor to reduce barriers and responsibly provide access to the crypto world.” – William B. Heyn, CEO of Trade.io.
The issue new comers are facing relate to the ease of obtaining cryptocurrency products easily, cheaply and efficiently. Most cryptocurrency exchanges allow the trading of crypto to crypto and lack fiat payments.
This makes it hard for the novice cryptocurrency traders to access the maiden coin that will be required to buy other cryptocurrencies.
This problem is set to be solved by the recent partnership between Trade.io exchange and Simplex, a Europe based payment processing company.
The partnership is set to introduce fiat payments to buy variety of cryptocurrencies on the exchange including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). The cryptocurrencies will be paired with the U.S. Dollar and the Euro with more fiat currencies set to be added in the future according to the management.
Simplex is a finTech company providing guaranteed fraud less payment processing solutions. The payment processing company is EU regulated allowing the users to work on a secure framework and regulated platform to invest and trade in cryptocurrencies.
Simplex and Trade.io partnership further supports efficient and easy buying of crypto for the novices who would like to get into the space.
Speaking on the partnership, the CEO and Co-Founder of Simplex Nimrod Lehavi echoed William saying the deal will allow the global population to easily enter into the cryptocurrency space. He further remarked that mainstream adoption will increase liquidity as the industry grows into a larger financial space. In his final comments the CEO said,
“Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream”