Bitmain’s financial services platform Matrixport has partnered with Simplex, an EU-licensed payment processing company. So that users can buy selected cryptocurrencies with their credit and debit cards.
Matrixport users can buy seven cryptocurrencies with the most popular fiat currencies
As part of the Simplex partnership, Matrixport users can be used all over the world You can now buy seven cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), DASH and Tether (USDT). According to a press release published with Cointelegraph via Visa or Mastercard, via the website or the mobile application of the platform.
There are more than 20 supported fiat currencies that can be used to buy cryptocurrencies, the announcement says, including the U.S. dollar, euro, Russian ruble, British pound, and Japanese yen.
Investment products are now easier to use
The new partnership will facilitate the use of Matrixport financial products such as Dual Currency-USD, an investment configuration that supports stable currency payments in USDT and USD Coin (USDC). John Ge, co-founder and CEO of Matrixport, who is also co-founder of The Chinese mining giant Bitmain, along with Jihan Wu said:
“Dual Currency-USD has been one of our most popular products ever since People can invest in USDT / USDC and get much higher returns than with bank deposits and most funds. Previously, our users had to buy USDT / USDC elsewhere and transfer it to our platform. Simplex support has simplified the process considerably and made these attractive returns available for you. “
All credit card purchases are said to be 100% secure
Matrixport users get “the highest possible level of security for credit card purchases”.According to the press release, all traders appear to receive full compensation for Simplex in the event of a fraud reversal. Regarding fees, Simplex charges 3.5% of the transaction value, the company’s representative told Cointelegraph.
Cointelegraph has asked Matrixport for additional comments but hasn’t heard from the company yet.