Cryptocurrency payment provider Simplex has added SEPA Instant to its list of payment methods, giving European partners the ability to move funds into digital assets with greater ease and flexibility. SEPA stands for Single European Payment Arena, which enables payment harmonization across the European Union. With SEPA Instant, credit transfers are processed and settled within seconds. The fully automated process is connected to the traditional payment system but is much faster than traditional bank wires. For Simplex, SEPA Instant is considered a major milestone in promoting seamless adoption of digital assets. Under the new partnership, European users will have the …

Canadian payments giant Nuvei is reportedly in talks to acquire Simplex, an Israeli cryptocurrency startup, for up to $250 million — sending a strong signal that the electronic payments processing industry is pivoting toward digital currencies. The deal between Nuvei and Simplex is expected to be finalized “in the next few days,” according to BlockBeats, a Beijing-based blockchain publication. The deal could be worth between $200 million and $250 million. Neither Nuvei nor Simplex have confirmed the sale at the time of publication. By targeting Simplex, Nuvei is clearly expanding its efforts to corner the cryptocurrency market. In March, Nuvei …

Fiat-to-crypto on-ramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets and brokers. In an announcement today, Simplex said its integration of Polkadot and its DOT token would allow crypto users to purchase the token with a credit or debit card, Apple Pay or bank transfer. The financial institution is aiming for “mass cryptocurrency acquisition and adoption,” saying that the addition of DOT to its list of supported digital assets would bring it closer to this goal. Simplex provides services to crypto exchanges including Binance and OKCoin. The firm has partnered with more than 350 crypto …

Users of the Opera web browser will now be able to purchase cryptocurrencies directly within the application following a partnership with Simplex. Founded in 2014, Simplex is a European Union-licensed fintech company that provides access to over 50 cryptocurrencies and is a principal member of the Visa network. The Opera browser was one of the first to integrate cryptocurrency use into its core functions, supplying in-built wallets for Bitcoin (BTC), Ether (ETH) and Tron's Tronix (TRX). Now, users will be able to move from fiat to crypto with the same ease. Simplex’s technological infrastructure is used by numerous well-known cryptocurrency …

Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa in Europe. A Simplex spokesperson explained to Cointelegraph that the partnership is mainly a boost for the company’s business-to-business activities. “The principal membership is what enables us to roll this out to our partner network, basically giving any Simplex partner the ability to offer a crypto or fiat Visa card.” …

Simplex, a crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro. According to an Oct. 29 announcement, Simplex has rolled out new Tether (USDT) offramps across its partner network including major exchanges like Binance, OKEx and Huobi. A Simplex representative told Cointelegraph that the latest development marks the first time when the sell option is enabled for Tether on Simplex, stating: “USDT has been available to purchase through our partner network for a while but ‘cashing out’ and selling directly in this currency …

Celsius Network is expanding its partnership with fiat-to-crypto payments provider, Simplex, by enabling its users to buy more crypto with credit and debit cards. Celsius, a major crypto lending startup, now allows its users to purchase gold-backed stablecoin Tether Gold (XAUT) using debit and credit cards. Announcing the news on May 28, Celsius said that the minimum purchase amount for XAUT is $50, while the annual interest rate accounts for 4%. Tether Gold was rolled out for depositing on Celsius app earlier in May Alongside Tether Gold, the new integration with Simplex also unlocks credit and debit card purchases for …

The cryptocurrency wallet of major cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. Until now, Huobi Wallet only allowed its users to exchange between different crypto assets and access to decentralized lending, while lacking a fiat onramp. Huobi Wallet CEO Will Huang said that now the applications provides for most of the basic needs of simple crypto users: “[The app] has become a one-stop app for users to buy, store, swap and transfer crypto on the go, while retaining complete control of their assets.” Huobi Wallet is purportedly one of the largest applications of …

Bitmain-affiliated financial service platform Matrixport has teamed up with Simplex, an EU-licensed payments processing firm, to allow users to purchase select cryptocurrencies using their credit and debit cards. Matrixport users can buy seven cryptocurrencies with most popular fiat currencies As part of the partnership with Simplex, Matrixport users from across the globe are now able to buy 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 press release shared with Cointelegraph. There are more than 20 supported …

A cryptocurrency swap platform has the champagne on ice as it celebrates its fifth anniversary — and is reflecting on some of its biggest achievements since launching back in April 2015. Changelly is planning to mark the milestone with a campaign to celebrate how far it has come over the past five years, hosting special promotions with its partners, including Blockchain Cuties, Enjin, NEXO, Bitdegree and Trezor. Customers past and present are being encouraged to get involved. The company began life as a small startup consisting of five people and initially supported 30 cryptocurrencies. Come January 2016, it already had …

Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto. United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement. Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users. Celsius clients will now be able to buy cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via credit or debit cards. Similar to other Simplex-powered fiat onramps, the new feature …

A crypto wallet has enhanced its functionality, enabling users to buy cryptocurrency with a credit card using dollars or euros. Lumi Wallet, which comes in the form of iOS and Android apps as well as a web wallet, says its motivation is to provide its users worldwide with safe and convenient tools for purchasing cryptocurrency. The company says it gives its clients the opportunity to buy Bitcoin (BTC) and Ether (ETH) in a fast, simple and secure way. The safety of fiat-to-crypto transactions is ensured by Simplex — technology that allows the processing online payments with “complete fraud protection and …