Bitcoin and cryptocurrency exchange Liquid today announced a partnership with Simplex, a fintech and focused on fraudless online payment processing solutions, to provide deposit services for Liquid.com in fiat currency using credit and debit cards.
This service allows Liquid customers to use a Visa or Mastercard to deposit EUR (support for USD will be added next), which can be used to buy cryptocurrencies such as Bitcoin and Ethereum, or used as a funding currency for margin trading on Liquid.
“We are extremely excited to be working with Simplex on this fantastic innovation to bring even more flexibility to crypto traders and holders on our Liquid platform. We have already raised the bar by supporting various fiat currencies, but now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card. This represents a significant milestone for Liquid as we continue to roll out useful services for our users,” said Seth Melamed, Liquid Global Head of Business Development & Sales.
“Our fraudless payment processing solution was designed to reduce entry barriers for all users interested in being a part of the rapidly growing cryptocurrency world,” said Nimrod Lehavi, Simplex CEO.
“By offering secure credit and debit card processing for crypto purchases, adoption will continue to rise, expanding the cryptocurrency space as we know it. Our partnership with Liquid will instantly enable thousands of global users to purchase cryptocurrencies through the Liquid platform in a simple, fast and secure manner.”
Liquid is regulated by the Japan Financial Services Agency and audited by Deloitte, with support for fiat currencies such as SGD, USD, AUD, EUR, and JPY.
The global fintech company behind Liquid, Quoine, was founded in 2014, and has previously launched two successful crypto exchanges, Qryptos and Quoinex, both of which were merged to create Liquid.