Simplex adds support for Bitcoin SV
Simplex adds support for Bitcoin SV
Crypto

Simplex adds support for Bitcoin SV

By Marco Cavicchioli - 2 Jul 2020

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Simplex announced that it has added support for Bitcoin SV (BSV) to its platform. 

Simplex is an EU-licensed fintech company that provides worldwide payment processing with fraud protection and debit coverage. 

In particular, it offers a 100% guarantee that allows a refund of the transaction in case of fraudulent charges. Indeed, the solution adopted blocks fraudulent users, while allowing legitimate users to complete their payments with ease. 

The platform accepts many payment methods for the purchase of digital assets, including Visa and Mastercard credit and debit cards, with over 150 partners including exchanges, wallets and payment gateways. 

These include BiKi, Bitfinex, Bithumb, Bitmart, BitMax, CoinEx, Cross exchange, DigiFinex, Huobi, KuCoin, MXC, OKEx and Poloniex. 

BSV allows very low-cost transactions, to the point that for several days now the average cost of a single transaction has not exceeded $0.0002

Simplex’s goal is to promote further use of digital currencies, so much so that they have recently launched Simplex Account, an online bank account that allows consumers to interact with their digital resources, and which can be integrated with cryptocurrency exchanges, credit institutions, wallets and other services. 

Simplex Business Development VP Ari Last said:

“We’re thrilled to team up with Bitcoin Association to enable global, secure, and instant BSV onramp across our broad network of partners. Along with the crypto-friendly banking Simplex now offers, this step ensures users’ unparalleled flexibility in the ecosystem”.

Bitcoin Association is the Swiss-based organization that promotes the use of Bitcoin SV, and brings together companies, start-ups, developers, traders, exchanges, service providers, miners, and other players of the BSV ecosystem. 

The founding president of the Bitcoin Association, Jimmy Nguyen, commented: 

“Simplex’s addition of Bitcoin SV support signifies yet another milestone on the journey towards wide-spread global adoption of BSV. Through Simplex and its extensive partner network, it just became much easier for consumers in numerous geographic territories to acquire BSV by simply using a payment card. Furthermore, as a licensed financial institution in the European Union, Simplex brings the regulatory-compliant approach we expect to see at Bitcoin Association, as we work to build business with Bitcoin SV in a lawful manner”.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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