Dash Partners With Simplex, Offering A Fiat On-Ramp To Its Users

The digital currency and blockchain governance network Dash partners with the fiat infrastructure leader Simplex in what is seen as the latest alliance which would enable the DASH token to be purchased with credit card. The Dash news also show that the cryptocurrency will be offered by Simplex for purchase with credit cards through its partners.

For those of you who don’t know, Simplex is an EU-licensed financial institution that has been leading the fiat infrastructure for crypto. With headquarters in Israel, Simplex has 128 active partners and supports 10 different cryptocurrencies. The company is known for its proprietary fraud detection algorithms which are eliminating the risk of fraudulent card payments.

As Dash partners with Simplex, the leading cryptocurrency establishes itself in a good way. Right now, the Dash news show that the coin has a market cap of over $1 billion and operates a peer-to-peer network that is backed by a large online community of developers and adopters, many of whom are running the open-source Dash software.

While Simplex has previously entered partnerships with crypto companies such as Tron Foundation and Cosmos Network, the companies behind TRX and ATOM, now that Dash partners with Simplex we can see that their fiat infrastructure for crypto is expanding. Additionally, the company is working with some of the biggest names in the industry such as Binance, KuCoin and OKEx, integrating with all of these platforms to let users expand their portfolio by purchasing cryptocurrency with credit card.

The CEO of simplex, Nimrod Lehavi, was featured in the Dash news for giving a statement about credit card functionalities and how they are vital to accelerate broad cryptocurrency adoption:

“We are pleased to add DASH to our portfolio and allow our network of a hundred of leading exchanges and wallet partners to offer credit card purchasing of DASH, using a multitude of currencies Simplex now supports.”

The CEO of Dash Core Group, Ryan Taylor, was also in the crypto news as Dash partners with Simplex, commenting on the partnership:

“Partnering with Simplex, a leading credit card payment processing company, is an incredibly exciting opportunity for Dash. Thanks to their advanced fraud detection capabilities, Simplex’s clients include some of the largest platforms in the industry.”

“Through this integration, we’re excited to expand access to Dash and to give our users more choices. Simplex not only means a simplified purchase experience for our users, but it means Dash can be offered on more partner websites than ever before.”

Earlier, Dash concluded an agreement with the cryptocurrency remittance firm Tauros which will see DASH added to more than 11,000 ATMs throughout Mexico.