MyEtherWallet Partners Up with Simplex to Simplify Crypto Buying Process

MyEtherWallet (MEW) has recently revealed its partnership with Simplex, a fintech company that specializes in fraudless payment processes. The announcement was voiced through Twitter in which MEW shared the partnership, along with a potential instant way of getting to one’s cryptocurrency holdings.

The tweet reads as follows:

MEW shared an elaborate post on Medium indicating how the partnership will benefit fellow MEW supporters. It seems to be as simple as owning a credit card, and the mindset to purchase cryptocurrencies. Whether this implies to new or existing users is unclear.

However, MEW specifically addressed existing users, by stating that they will be “simplifying the entire cryptocurrency-buying process, while making it instant and secure.” Users also have the option of ignoring the step of signing into crypto exchanges.

How might this be possible? All of this was made possible due to the integration of Simplex’s “fraud fighting technology” on the MyEtherWallet platform, which allegedly made it possible to “easily open the door” to anyone wishing to purchase cryptocurrencies with traditional credit cards.

According to the MEW team, users will have to undergo a one-time Know Your Customer (KYC) process, which will validate the identity of each user to ensure that he or she is not part of any illegal activities. Upon completing the verification processes, users will immediately find their purchases accumulating in their respective wallets.

In order to get started, users are advised to set up a MyEtherWallet, prior to making any given purchase. To find out more, check out: https://www.myetherwallet.com/#swap

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,229FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase Withdraws From Blockchain Association Shortly After Binance.US Joins

Coinbase withdraws from the blockchain lobbyist group a day after Binance.US, Binance’s American wing, joined the group. In a report first published by The...

Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero

A report from local news channel RBC confirmed on Tuesday Russian intelligence unit, Rosfinmonitoring, (Russia’s Federal Financial Monitoring Service), has proposed a cryptocurrency monitoring...

Bitcoin & Gold Crashes as S&P 500 Races towards All-Time High

After making a bullish start of the week, by surging past $12,000 only to drop, bitcoin is continuing its descent. The largest digital asset...

With A Troubled Past, Are Cryptocurrency Cards Worth the Risk to Push Adoption?

Crypto debit cards were looked at as the next big move for broader crypto adoption and involvement of mainstream players like Visa in the...

Billion Dollar Publicly-traded MicroStrategy Buys 21,454 Bitcoin as a Reserve Asset

MicroStrategy is now taking a deep dive into the world of bitcoin. The $1.2 billion Nasdaq listed software company has officially announced its position in...

How Will Crypto Cope In Regulation-Friendly State Belarus After Lukashenko’s Protested Presidential Win?

Crypto-friendly state Belarus faced a nation-wide internet blackout on Monday after a hotly contested presidential election on Aug. 9. The country has been facing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today