Ethos, which is one of the well-known provider of enterprise blockchain solutions and multi-cryptocurrency wallet has declared it is partnering with Simplex to allow altcoin and bitcoin purchases with credit and debit cards.
Simplex is a financial technology firm that offers online merchants with fraud-free payment processing. The firm’s automated system enables online payment processing along with checking the risk of fraud with maximum accuracy and speed.
The global fiat purchase system will be useful to the customers of Ethos. All the customers will be able to access liquidity and exchange services between fiat and cryptocurrencies on a global scale.
Constant debate between fiat and cryptocurrencies
The deal with Simplex is done so that Ethos is able to speed up the first phase of the fiat gateway and provide Ethos customers a secure and fast way to convert between fiat and cryptocurrency.
Shingo Lavine, CEO of Ethos commented about its collaboration with Simplex:
“Ethos is excited to offer a wealth of dynamic capabilities to consumers. The Universal Wallet will become the most accessible way for people to safely interact with cryptocurrencies using innovative services such as Simplex.”
Replying to the above statement, Nimrod Lehavi, CEO, and Co-Founder of Simplex said,
“As Ethos expands its service offering, Simplex is proud to play a fundamental role in offering seamless, easy conversion between fiat and cryptocurrencies while ensuring transactions are completely fraud-free.”
Ethos union with Simplex is followed by a previous collaboration build by the popular blockchain solutions provider with the direct digital asset exchange ShapeShift to make sure that the enterprise users can access exchange services and liquidity of various cryptos and tokens.
Dominating the power and autonomy of cryptocurrencies
The partnership with ShapeShift and Simplex is an important part of Ethos aim to build a financial ecosystem which is “open, safe and fair for everyone by harnessing the power and autonomy that cryptocurrencies provide.”
Lastly, allowing bitcoin and altcoin purchases using credit as well as debit cards via the Ethos and Simplex union matches with the force by credit card institutions to allow the smooth flow of bitcoin transactions.