Bitfinex Taps Simplex for Crypto On-Ramp Services

The crypto exchange, Bitfinex announced on Tuesday that it has tapped the services of Simplex, a subsidiary of Nuvei, to offer crypto on-ramp functionalities to its users.

As detailed in the press release shared with Finance Magnates, the crypto exchange has integrated the funding options supported by Simplex. This will enable Bitfinex users to purchase digital currencies using credit and debit cards.

Commenting on the partnership, Bitfinex CTO Paolo Ardoino said: “Our mission has always been to increase the accessibility of digital tokens and provide an optimal trading experience for our growing customer base.”

Initially, the crypto exchange will only allow the purchases of 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, Ethereum, Tether and Tether Gold with debit and credit cards. However, it has plans to add more cryptocurrency support for the on-ramp services.

Simplifying Crypto Purchase

Simplex was founded in 2014 and became a well-known name for providing crypto on-ramp services. It is licensed under the European Union as a financial institution and is offering services to several top cryptocurrency players.

The startup was acquired by the 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 giant, Nuvei earlier this year in a massive $250 million cash deal.

“We are thrilled to announce our collaboration with Bitfinex,” said Nimrod Lehavi, Co-Founder and CEO of Simplex, which is now owned by Nuvei. “Bitfinex is a great addition to our strong roster of crypto businesses and exchanges. Our goal is to make cryptocurrency accessible to everyone.”

Meanwhile, both Bitfinex and sinter company Tether recently settled all charges on misleading claims on USDT’s fiat reserves brought by the US Commodity Futures Trading Commission (CFTC), paying a civil monetary penalty of $42.5 million.