KuCoin, Singapore-based cryptocurrency exchange collaborated with Simplex, a payment processing solutions provider headquartered in Israel to enable its user to purchase cryptocurrencies using their credit and debit cards.
“This service can be found in “Assets – Deposit” and currently supports the purchasing of BTC, ETH, and LTC with both USD and EUR in over 100 countries.”
KuCoin Partners with Simplex to Enable Credit Card Payments for Crypto
— KuCoin Updates (@KuCoinUpdates) November 28, 2018
Simplex, a leading financial institution providing fraud-free payment processing solutions, enable credit card payments with 100% guarantee. In case of a fraud, the merchant gets the chargeback paid by Simplex. With its HQ located in Israel the firm boasts subsidiaries in the UK, US, and Lithuania.
Founded in 2014, Simplex currently collaborates with some of the largest crypto exchanges, wallets and platforms including Shapeshift, BRD, Litecoin Foundation, Mycrypto, XAPO and Changelly.
Earlier this months, the exchange platform raised $20 Million in series A funding that included IDG Capital, Matrix Partners, and Neo Global Capital as main participants. Reportedly the funding will aid in bringing KuCoin Platform 2.0 to life, global expansion, customer support staff, and blockchain research and development.