The Simplex has been added to the KuCoin App, enabling the purchase of cryptocurrency through credit card.
In Simplex, every transaction is analyzed using proprietary, fully automated machine training algorithms from Simplex’ IA Technology to eliminate fraud while increasing conversion.
— KuCoin Updates (@KuCoinUpdates) May 10, 2019
Simplex allows crypto-commercials to bring credit card purchase into the hands of ordinary users all over the world by combining advanced payment procedures with advanced fraud prevention technology. This combined solution significantly reduces, in addition to enhancing business growth, the percentage of false declining transactions, resulting in increased conversions and total peace of mind.
The KuCoin being one of the most advanced cryptocurrency exchange recently went through a funding round of 20 million. The exchange reported that the funds are used to release the 2.0 platform of KuCoin.
Kucoin is a relatively new addition to the cryptocurrency exchange world. Since its launch, the exchange has gone without a snap. The research and development team was only set up in May 2017 to bring Kucoin’s young people into perspective. The Kucoin Bonus Plan, several additional currencies and mobile Android and iOS apps have been launched by the team since then.
KuCoin has a simple 0.1 percent trading fee structure and is not based on the model manufacturer. But you can even adjust this trading fee and get up to 30% off on 0.1% of the trading fee.
Simplex enables merchants with a nil exposure to fraud chargeback risk to accept worldwide debit or credit card payments. By incorporating the credit card solution of Simplex, users can purchase and deposit funds into crypto-exchanges, while enjoying a familiar e-commerce experience. Their profit is, therefore, zero risks for the merchants.