Liquid Crypto Trading Provider Adds Credit/Debit Card Fiat Deposits via Simplex Service
Japanese based cryptocurrency exchange, Liquid.com announced on its official website a partnership with Simplex, a cryptocurrency company offering a fraud-free platform to process online payments using cryptocurrencies. The partnership will see Liquid introduce credit and debit services through Simplex deposits by its users. The service further allows Liquid customers to pay using Visa or Mastercards at any acceptable store around the world.
— Liquid (@Liquid_Global) February 21, 2019
The announcement stated that the platform will introduce Euro (EUR) deposits first with the US Dollar (USD) and other major fiat currencies to follow. Users on the platform can use their deposits to buy cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) on the platform. Customers on Liquid.com can also use their deposits as a funding currency for their margin trading deposits on the exchange.
Speaking on the latest partnership, the head of Business Development and Sales at Liquid, Seth Melamed showed enthusiasm to be working with Simplex. The partnership is set to increase the number of cryptocurrency traders on the platform as fiat deposits through credit and debit cards have been made possible.
The partnership and introduction of card payments to Liquid is a huge step to achieving mass adoption of cryptocurrencies across the world. The company looks forward to developing more solutions for their users and the cryptocurrency field in general.
Adding to the complements of the partnership with Liquid, the CEO of Simplex, Nimrod Lehavi said the system will help more investors come into the industry.
He further said that the secure debit and credit cards processing cryptocurrency payments will push the industry towards world scale adoption. The CEO finished praising the partnership as a revolutionary move that will enable more users to purchase crypto on Liquid platform in a simple, fast and secure manner.