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Huobi Wallet now enables cryptocurrency purchases with credit cards through Simplex

May 19, 2020

The main cryptocurrency exchange wallet With Huobi, users can now buy cryptocurrencies with debit and credit cards.

Until now, Huobi Wallet only allowed its users to exchange between different crypto assets and access decentralized loans, while there was no fiduciary access channel on the ramp. Will Huang, CEO of Huobi Wallet, said that apps now meet most of the basic needs of ordinary cryptocurrency users:

“”[La app] has been A unique app that allows users to buy, save, exchange and transfer cryptocurrencies on the gowhile maintaining full control over their assets. “

Huobi Wallet is said to be one of the largest apps of its kind in the Asia-Pacific region. The app supports over 18 cryptocurrencies and multiple tokens and has been reported to have more than half a million users in 200 countries.

Huobi Wallet now enables cryptocurrency purchases with credit cards through Simplex
Huobi Wallet now enables cryptocurrency purchases with credit cards through Simplex

Huobi and Simplex only responded to requests from Cointelegraph at the time of printing.

Simplex: An important payment processor in the cryptocurrency market

Simplex is a popular payment processing partner among the leading cryptocurrency companies. As Cointelegraph reported in late April, the company recently started driving the Fiat access channel for Matrixport, the financial services platform associated with Bitmain.

The cryptocurrency credit service was offered earlier this year Celsius has also integrated the Fiat access channel developed by Simplex into its platform. In addition, Huobi’s competitor and the major crypto exchange Binance started using Simplex in February to allow its users to buy cryptocurrencies on the platform with 15 other fiat currencies.