Binance, the leading crypto-to-crypto exchange, today announced a partnership with leading payment processing company Simplex, enabling users to buy cryptocurrencies with their credit cards directly on Binance.com. By accepting credit card payments for crypto, Binance is supporting broader use and accessibility of cryptocurrency worldwide. The feature is live now at https://www.binance.com/en/creditcard/
“We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible,” said Changpeng “CZ” Zhao, CEO of Binance. “Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes.”
Capable of processing more than 1.4 million orders per second, Binance is the largest crypto exchange by trade volume and one of the fastest in the world, as well as one of the major platforms where Bitcoin price action happens. Through Simplex, users on Binance can now use Visa and MasterCard to buy BTC, ETH, and LTC cryptocurrencies. Users can then trade between more than 150 different tokens and coins on Binance.com.
“Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We’re thrilled to partner up with Binance and together enable a much better, fast and easy experience,” said Nimrod Lehavi, Co-Founder and CEO of Simplex.
In the past four months, Binance has launched two fiat-to-crypto exchanges, with Binance.je supporting the trading of Euros and British Pounds with crypto, and Binance Uganda supporting Ugandan Shillings. With the new Simplex partnership, Binance is further expanding to global markets.
“The crypto industry is still in its early stages and most of the world’s money is still in fiat. Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users,” said CZ.
For more information on paying for cryptocurrency with a credit card on Binance, visit: https://www.binance.com/en/creditcard/
Simplex is a FinTech company providing guaranteed fraudless payment processing solutions. Simplex processes credit card payments with a 100% zero fraud guarantee – in case of a chargeback, the merchant gets paid by Simplex. The cutting-edge Simplex fraud prevention solution and proprietary state-of-the-art AI technology stops fraudulent transactions and allows more legitimate ones to complete payments with ease and speed while increasing conversion rates and enabling merchants to focus on their business growth.
Simplex’s HQ is located in Israel, with subsidiaries in the UK, US, and Lithuania. Simplex was founded in 2014, and today works with some of the largest crypto exchanges, wallets, and platforms.
Source Binance Blog