back Back

BitPay teams up with Simplex to boost crypto purchases across Europe

By Megha Bhattacharya

February 16, 2021

  • America
  • Bitpay
Share

BitPayBitcoin and cryptocurrency payment services provider BitPay announced a collaboration with Simplex in a bid to enable European users to buy crypto with no credit or debit card fees within the BitPay Wallet app for up to 45 days. The development includes coins such as Bitcoin, Bitcoin Cash, Ether along with PAX and BUSD.

“We want to encourage first-time buyers to purchase crypto and experience first hand how easy it is to purchase, store and spend crypto through the BitPay Wallet app integration with Simplex,” said Stephen Pair, CEO with BitPay. “BitPay wants to make it simple to adopt crypto, and by working with Simplex, we can eliminate the need for users to navigate to a cryptocurrency exchange to fund the wallet and start living a life on crypto.”

According to BitPay, users can use the Wallet app to open and fund an account with Simplex Banking, a method that speeds up local payment methods. The solution aims to give consumers the power to purchase without limits and truly capitalize on market highs. The Wallet app supports a range of solutions for storing crypto, making online payments as well as buy gift cards and turn bitcoins into euros.

“At Simplex, we empower hundreds of partners to enable millions of people to buy billions of dollars in digital assets. We’re excited to work alongside our friends at BitPay to help anyone, anywhere enter into the crypto space,” said Nimrod Lehavi, Founder and CEO of Simplex. “Together, Simplex and BitPay are growing the ecosystem with a seamless on/off-ramping solution for every user.”

Recently, BitPay announced that it will be enabling US cardholders of the BitPay Prepaid Mastercard with the provision to add their card to Apple Wallet and spend with Apple Pay. The company’s cardholders with Apple Pay can now make secure purchases in stores, in apps, and online. Additionally, customers waiting to receive their plastic card can add their virtual card to Apple Wallet via the BitPay Wallet app and immediately start spending.

Previous Article

February 16, 2021

Mastercard and Razorpay to empower MSMEs to use digital payments

Read More
Next Article

February 16, 2021

4 key areas that can transform the insurance industry in India

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

America

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

Today

Sopra Banking Software partners with Finom

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024