As the market leader in fiat infrastructure for digital currencies globally, Simplex announced on Jul 2, 2020, that it has added support for Bitcoin SV (BSV) to its global networks. The demand for BSV continues to rise, propelled by an expanding ecosystem of applications and services, for its ability to function as a fast and effective payments system.

With more than 150 partner exchanges, wallets, and gateways, Simplex facilitates purchase of digital assets through a variety of payments methods, including Visa and Mastercard debit and credit cards, for merchants worldwide. With the addition of BSV to its suite of offerings, Simplex extends BSV’s accessibility to an even wider user base.

The unique value proposition of Bitcoin SV is that it can facilitate diverse data usage, maintain fast transaction times with low transaction fees, adding to that it’s the only blockchain that can massively scale. This is the reason why, many of Simplex’s prominent partners, such as BiKi, BitMax, Bitfinex, Bithumb, Bitmart, Cross exchange, CoinEx, Huobi, DigiFinex, KuCoin, MXC, OKEx, and Poloniex, already support Bitcoin SV.

Simplex’s VP of Business Development, Ari Last expressed his excitement by stating that they were thrilled to team up with Bitcoin Association to enable global, secure, and instant BSV onramp across our broad network of partners. He also added that the crypto-friendly banking Simplex now offers, along with this support will ensures users’ unparalleled flexibility in the ecosystem.

‘Simplex Account,’ launched recently is an online bank account that allows consumers to seamlessly interact with their digital assets, it can now be integrated with lenders, crypto exchanges, wallets, and other services, paving way for a global digital asset-friendly banking experience.

Founding President of Bitcoin Association, Jimmy Nguyen termed Simplex’s support of Bitcoin SV as a milestone in the journey towards global adoption of BSV. Adding further he said that acquiring BSV has just become much easier for consumers irrespective of their geographical boundaries as Simplex transcends over such limitations, with its extensive partner network. 

Speaking on Simplex as a licensed financial institution in the European Union, Nguyen said “Simplex brings the regulatory-compliant approach we expect to see at Bitcoin Association, as we work to build business with Bitcoin SV in a lawful manner.”

About Simplex

A licensed financial institution in the European Union, providing the fiat infrastructure for the crypto industry, Simplex, makes online commerce safe. Leveraging advanced AI technology, its automated system facilitates processing online payments while assessing risk with accuracy and speed. Simplex integrates with online crypto exchanges to fulfil the credit card payment process. Simplex’s cutting-edge fraud prevention solution deters fraudulent users and allows legitimate users to make payments with ease, increasing conversion rates, and aiding merchants to focus on their business growth.

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