Ethereum Can Now Be Purchased In USD And EUR On MyEtherWallet
Popular crypto wallet MyEtherWallet announced that it is now possible to purchase Ethereum (ETH) in USD or EUR.
MyEtherWallet now supports swaps within ETH, BTC, OMG, KNC, SNT, ELF, POWR, MANA, BAT, REQ, GTO, RDN, APPC, ENG, SALT, BQX, ADX, AST, RCN, ZIL, DAI, LINK, IOST, STORM, MOT and DGX.
** MEWsers! **
We have an exciting update!
YOU now have the power to purchase ETH in USD or EUR on MEW, courtesy of @SimplexCC!
— MyEtherWallet.com (@myetherwallet) July 18, 2018
The wallet providers have partnered with Simplex to set up the MasterCard and Visa transactions. Simplex is a fintech company that provides worldwide fraudless payment processing. With a proven track record in precarious cryptocurrency environments, Simplex’s technology allows exchanges, brokers, wallets, merchants and marketplaces to conduct business online with complete fraud protection.
As an EU licensed financial institution, Simplex has expanded to additional ecommerce verticals, as well as providing merchants with an early token sale solution and a host of cutting-edge services.
MyEtherWallet gives you the ability to generate new wallets so you can store your Ether yourself, not on an exchange. This process happens entirely on your computer, not their servers. Therefore, when you generate a new wallet, you are responsible for safely backing it up.
All data is created on our computer/your browser, not their servers. It's not a website where you put your Ether and they store it for you. They just make it easy for you to save your wallet information in your browser/on your computer. Then they give you a place where you can access that information and do stuff with it.