Simplex, the largest fiat infrastructure for digital currencies globally, has announced that it has added support for Bitcoin SV (BSV).
Simplex enables merchants worldwide to accept a variety of payment methods for the purchase of digital assets, including Visa and Mastercard credit & debit cards. With over 150 partner exchanges, wallets, and gateways, the addition of Bitcoin SV to Simplex’s suite of product offerings, will extend BSV’s accessibility to an even wider base of users.
Speaking on the announcement, Jimmy Nguyen, Founding President of Bitcoin Association, commented: “Simplex’s addition of Bitcoin SV support signifies yet another milestone on the journey towards wide-spread global adoption of BSV. Through Simplex and its extensive partner network, it just became much easier for consumers in numerous geographic territories to acquire BSV by simply using a payment card.
“Furthermore, as a licensed financial institution in the European Union, 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.”
Some of Simplex’s most prominent partners already supporting Bitcoin SV include: BiKi, Bitfinex, Bithumb, Bitmart, BitMax, CoinEx, Cross exchange, DigiFinex, Huobi, KuCoin, MXC, OKEx, and Poloniex.
Ari Last, VP of Business Development at Simplex, added: “We’re thrilled to team up with Bitcoin Association to enable global, secure, and instant BSV onramp across our broad network of partners. Along with the crypto-friendly banking Simplex now offers, this step ensures users’ unparalleled flexibility in the ecosystem.”
An expanding ecosystem of applications and services continues to drive demand for BSV, in addition to its ability to function as a fast and effective payments system. As the only blockchain that can massively scale, Bitcoin SV seeks to offer unique value proposition in that it can facilitate diverse data usage, while also maintaining fast transaction times and very low transaction fees.