Huobi OTC and Simplex Partner to Enable MasterCard and Visa Payments for BTC, LTC, XRP and ETH

Huobi Global, the over-the-counter desk has just gone ahead to partner with Simplex. The partnership has been put in place so that they will be able to accept the deposits that are made using the MasterCard and Visa.

This was announced on Thursday, and as per the announcement that was made, as a user on the platform you will be able to use both the debit and credit cards if you would like to purchase Ripple, Litecoin, Bitcoin and Ethereum on the platforms peer to peer exchange.

The transaction fees on the platform have been set to be $10, but this could vary as it is a 3.5 percent cost. The only thing is that the exchange has gone ahead to cap the deposits which are at $50,000 per month and about $20,000 on a daily basis.

With the developments that are taking place, it led the marketing head of Huobi Group Ross Zhang to comment.

“Bridging the divide between the fiat and crypto is still a big problem for the community and this is one of the ways we are looking to solve it. Partnering with Simplex will allow us to significantly minimize the obstacles our customers face – something we are always interested in.”

Simplex, the first fintech company, to provide efficient payments services

The platform has been licensed by the EU regulators and has been considered to be one of the first fintech companies that have been able to provide efficient payment services for the companies that are within the crypto space.

The company has been making headway, that earlier this year Binance also went ahead to team up. They got into a partnership in the line of enabling the use of credit card payments on the platform. But this is not all as Simplex also went ahead to partner with Liquid together with the Trade.io platform.

It is clear the payment services that Simplex is offering the crypto space prove to be rewarding for the companies they collaborate with. As they have designed a platform that will give smooth and fast payments that is easily used for mainstream users.

@HuobiGlobal have joined our group of leading exchanges where you can now buy $BTC , $ETH, $LTC, $XRP with your credit card. Welcome aboard! pic.twitter.com/KXemvGQv1b

— Simplex (@SimplexCC) April 17, 2019

A factor that has been considered to be very important in the goals of having mainstream adoption of the crypto coins.

It is also clear from the announcement that was made by Huobi that they partnered with Simplex due to the promising rewards they will be able to offer their customers. A service that has been able to speak for its self as it is able to offer zero risks of any frauds taking place on the platform and it is also a guarantor on all the payments that it makes.