BitPay teams up with Simplex to boost crypto purchases across Europe
By Megha Bhattacharya
Bitcoin and cryptocurrency payment services provider BitPay announced a collaboration with Simplex in a bid to enable European users to buy crypto with no credit or debit card fees within the BitPay Wallet app for up to 45 days. The development includes coins such as Bitcoin, Bitcoin Cash, Ether along with PAX and BUSD.
“We want to encourage first-time buyers to purchase crypto and experience first hand how easy it is to purchase, store and spend crypto through the BitPay Wallet app integration with Simplex,” said Stephen Pair, CEO with BitPay. “BitPay wants to make it simple to adopt crypto, and by working with Simplex, we can eliminate the need for users to navigate to a cryptocurrency exchange to fund the wallet and start living a life on crypto.”
According to BitPay, users can use the Wallet app to open and fund an account with Simplex Banking, a method that speeds up local payment methods. The solution aims to give consumers the power to purchase without limits and truly capitalize on market highs. The Wallet app supports a range of solutions for storing crypto, making online payments as well as buy gift cards and turn bitcoins into euros.
“At Simplex, we empower hundreds of partners to enable millions of people to buy billions of dollars in digital assets. We’re excited to work alongside our friends at BitPay to help anyone, anywhere enter into the crypto space,” said Nimrod Lehavi, Founder and CEO of Simplex. “Together, Simplex and BitPay are growing the ecosystem with a seamless on/off-ramping solution for every user.”
Recently, BitPay announced that it will be enabling US cardholders of the BitPay Prepaid Mastercard with the provision to add their card to Apple Wallet and spend with Apple Pay. The company’s cardholders with Apple Pay can now make secure purchases in stores, in apps, and online. Additionally, customers waiting to receive their plastic card can add their virtual card to Apple Wallet via the BitPay Wallet app and immediately start spending.
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