- Dash has announced a partnership with a fiat currency infrastructure provider, Simplex to enable Dash buys using a credit card.
- Simplex also serves some of the largest platforms in the cryptocurrency industry, including crypto giant Binance.
- Dash is the world’s 19th largest cryptocurrency holding a $993 million market cap built and was forked off the Bitcoin protocol in the early days.
Cryptocurrency network Dash has announced a partnership with a fiat currency infrastructure provider, Simplex to enable Dash buys using a credit card. Customers can now exchange Dash for fiat using credit from Simplex partners starting today.
Our new partnership with Simpex enables purchases of Dash with a credit card through their network and partners. We are excited to announce this partnership with Fiat infrastructure leader @SimplexCC!
— Dash (@Dashpay) February 20, 2020
Having Dash integrated with Simplex is a huge step forward for the company in making the cryptocurrency more accessible to a wider audience thanks to Simplex’ wide network of exchanges and wallet services using a plethora of different currencies.
Simplex also serves some of the largest platforms in the cryptocurrency industry, including crypto giant Binance, bringing forth several access points to using Dash in the real world. They are also strongly secured with very advanced fraud detection capabilities while also providing a solid and unified user experience across the board.
Simplex is an Israel-based financial institution licensed in Europe that builds fiat infrastructure for cryptocurrencies. With over 128 active partners and ten different cryptocurrencies on their network.
The company is primarily known for its advanced proprietary fraud detection algorithms and AI techniques to block fraudulent transactions, all while providing a versatile and stable service.
Dash is the world’s 19th largest cryptocurrency holding a $993 million market cap built and was forked off the Bitcoin protocol in the early days. Its primary utility is enabling privacy-focused transactions and is decentralized and governed by the master nodes on the Dash network.
Simplex CEO, Nimrod Lehavit restated the importance of having wide accessibility using credit cards to be very important for 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 Simplex deal is not the only one Dash has bagged recently as it also managed a partnership with cryptocurrency remittance firm Tauros to bring Dash to ATMs all over Mexico.