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Payments Firm Simplex Becomes Visa Principal Member
Israel-based global fiat payment processor Simplex announced Tuesday it has become a principal member of the Visa network.
Israel-based payments processor Simplex said Tuesday it has become a principal member of the Visa network.
STORY CONTINUES BELOW
- Through the membership, Simplex now has permission to issue Visa cards, giving its consumers access to digital currencies daily.
- “We’re excited to work with leading fintechs like Simplex [that] are helping to enable simple, secure and compliant conversions between crypto and fiat and the ability to spend these funds at Visa’s network of more than 60 million merchants,” said Cuy Sheffield, senior director and head of cryptocurrency at Visa.
- Simplex launched its platform in 2014 allowing consumers to buy digital currencies with their credit cards.
- Earlier this year, Simplex made Hedera Hashgraph’s native cryptocurrency HBAR available for purchase through its platform.
Read more: You Can Now Buy Hedera Hashgraph’s HBAR Token via Simplex
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
