The Binance cryptocurrency exchange announced the start of a partnership with Simplex, the Israeli payment system, for making payments through Visa and MasterCard, as reported by the CoinDesk news agency.
On January 31, the exchange issued a statement that it had already entered into a partnership with Simplex, a payment processing firm. The joint activity, according to the report, will help Binance clients to make purchases with Visa and MasterCard credit cards.
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Visa and MasterCard credit cards on the Binance exchange
At the time of launching the Binance-Simplex affiliate program, the exchanger will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Rippl (XRP) through the MasterCard credit card system, Visa.
According to the comments of the Binance CEO, Changpeng Zhao, the new solution will help the exchange customers to buy cryptocurrency more easily. It is assumed that in a few months the list of crypto coins for purchase through credit cards will increase.
"The crypto industry is still in the early stages of its development, and most of the world's money is still in banks and are centralized assets (...) Creating gateways between spheres is what we need now to develop an ecosystem and accelerate the implementation of cryptography for more users" – Changpeng Zhao.
Recall that the Simplex payment system raised $ 7 million in the A series financing cycle in February 2016. Among the investors were the Bitmain and Cumberland MiningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details mining companies, as well as the FundersClub crowdfunding platform (which had previously invested in Coinbase).
Back in November last year, Simplex, a payment company, entered into a partnership agreement with KuCoin, a Singapore-based crypto-exchange, to enable traders to buy cryptocurrency using credit and debit card payments.
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At the Binance cryptocurrency exchange, you can buy coins using Visa and MasterCard cards. This is not the first attempt of the exchange to expand horizons of activity. Recall that earlier this month, the exchanger began work on the island of Jersey and Uganda.
Editor: Yulia Krasnaya