Matrixport, a Bitmain-affiliated financial service platform, has partnered with EU-licensed payment processing firm Simplex to allow users to purchase selected cryptocurrencies using their credit and debit cards.
Matrixport Users Can Buy Seven Cryptocurrencies
As part of the partnership with Simplex, Matrixport users from all over the world are now able to purchase seven cryptocurrencies including Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), DASH and Tether (USDT) via Visa or Mastercard using the platform’s website or mobile app, according to a statement.
The announcement reads more than 20 supported fiat currencies that can be used to purchase crypto, including the U.S. dollar, euro, Russian ruble, British pound, and Japanese yen.
Investment Products are Easier to Use
The new partnership facilitates the use of financial products from Matrixport such as Dual Currency-USD, an investment setup that supports USDT and USD Coin (USDC) stablecoin payments, John Ge, co-founder and CEO of Matrixport, who is also co-founder of Chinese mining giant Bitmain along with Jihan Wu, said:
“Dual Currency-USD is one of our most popular products as people can invest in USDT/USDC and earn returns way higher than what they can get from banks deposit and most funds. Previously, our users had to purchase USDT/USDC somewhere else and transfer it to our platform. The support of Simplex has greatly streamlined the process, making these attractive returns at your fingertip.”
All Purchases with Credit Cards are 100 Percent Safe
Matrixport users are guaranteed with “the highest degree of security for the purchase of credit cards,” as stated in the press release, since all merchants are apparently fully compensated by Simplex in the event of fraud charging. As for the fees, Simplex charges 3.5 percent of the value of the transaction, the representative of the firm said.
Cryptolydian reported earlier that, Bitmain, the world’s largest producer of Bitcoin ASIC miners, has sold out its first round of Antminer S19 sales domestically within 24 hours of accepting orders.