BitAsset Partners with Simplex to Enable Credit Card Payments

Crypto exchange BitAsset on Tuesday announced its partnership with Simplex to provide fiat-deposit and crypto purchasing services with credit cards on its platform.

Traders on the platform can now directly purchase Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ether, and Litecoin using bank-issued credit cards.

The demand for fiat-based services

In recent months, there has been a rush among the crypto exchanges to ease fiat deposit methods using debit and credit cards, and Simplex is one company to tap into this market, facilitating card payment gateway integration.

The Israeli Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company tied with multiple major exchanges, including Binance, Huobi, and OKcoin to streamline fiat-based deposit and withdrawal services.

Mentioning the importance of fiat-based services, Changpeng “CZ” Zhao, founder and CEO of Binance, earlier said: “Most of the world’s crypto money is still purchases in fiat, causing issues and difficult experience for consumers trying to buy in and start trading. This is another key step in our platform growth as we continue to push forward the best user experience available on the market.”

Founded in 2014, the company raised $7 million in Series A funding and received investments from major crypto ventures, including Bitmain, Cumberland Mining, and FundersClub, a crowdfunding platform that also invested in Coinbase.

Earlier this year, Simplex also received an electronic money institution (EMI) license from the Bank of Lithuania, but it is largely limited Simplex to facilitating payments.

Headquartered in Hong Kong, BitAsset provides a variety of crypto-based services, including fiat currencies deposit, wallet custody, spot trading, futures, and index ETFs. It is aiming to build a complete digital banking system similar to the fiat market.

Most recently, the exchange-listed Dash, becoming a few major exchanges to facilitate its trading.