Cryptocurrencies: 6077 / Markets: 37971 Market Cap: 24h Vol:
2020-02-20 20:37:09

Dash Partners with Fiat Infrastructure Leader Simplex to Offer Its Users a Fiat On-Ramp

Digital currency and blockchain governance networkDash has joined forces with fiat infrastructure provider Simplex, enabling DASH to be purchased with credit card. 

As part of the agreement, DASH will be offered by Simplex for purchase with credit cards through its partners.

Please Note: This is a Press Release

Simplex, an EU-licensed financial institution leading the fiat infrastructure for crypto and headquartered in Israel, has 128 active partners and supports 10 different cryptocurrencies.

Founded in 2014, the company is known for its proprietary fraud detection algorithms which eliminate the risk of fraudulent card payments.

Dash is a leading cryptocurrency in payments with a market cap of over $1 billion. The peer-to-peer payment network is operated and backed by a large online community of developers and adopters, many of whom run the open-source Dash software.

Simplex has previously entered into similar partnerships with companies such as Tron Foundation and Cosmos Network, subsequently adding TRX and ATOM to their supported cryptocurrencies. Simplex has built a broad, global, and secure fiat infrastructure for crypto and is now working with some of the largest exchanges such as Binance, KuCoin, and OKEx, integrating with the platforms to let users expand their portfolio by buying crypto with credit card.

In a statement, Simplex CEO Nimrod Lehavi reiterated his belief that credit card functionality is vital to accelerate broad cryptocurrency adoption. “We are pleased to add DASH to our portfolio and allow our network of a hundred of leading exchanges and wallet partners to offer credit card purchasing of DASH, using a multitude of currencies Simplex now supports”.

“Partnering with Simplex, a leading credit card payment processing company, is an incredibly exciting opportunity for Dash,’ said Ryan Taylor, CEO of Dash Core Group. “Thanks to their advanced fraud detection capabilities, Simplex’s clients include some of the largest platforms in the industry.”

“Through this integration, we’re excited to expand access to Dash and to give our users more choices. Simplex not only means a simplified purchase experience for our users, but it means Dash can be offered on more partner websites than ever before,” he added.

This is not the only new partnership that Dash has signed; the organization recently concluded an agreement with crypto remittance firm Tauros which will see DASH added to over 11,000 ATMs throughout Mexico.

Contact for Simplex

Contact for Dash

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