BitPay has partnered with Simplex to allow customers to buy crypto at no cost for a limited period
According to a Dec. 20 press release published by BitPay, the Atlanta-based company has partnered with fiat-to-crypto onramps provider Simplex in order to provide feeless crypto purchases on its wallet app for customers within the U.S.
The link eliminates the need to use a cryptocurrency exchange to fund one’s wallet.
BitPay Wallet users can purchase a slew of digital currencies with the help of Apple Pay, Google Pay as well as BitPay’s debit card.
Simplex CEO Nimrod Lehavi said the partnership would lower the barrier to entry for people new to crypto by allowing them to dip their toes in the market without paying a fee:
Working with BitPay we are waving those fees for users so anyone, anywhere has the opportunity to enter into the crypto space. Together, Simplex and BitPay are making it possible for consumers to enter the crypto space.
The promotional partnership will only last for a limited time.
BitPay adds support for Shiba Inu
The suite of cryptocurrencies supported by BitPay includes Shiba Inu (SHIB), Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH) as well as several stablecoins. The company incorporated SHIB, the most popular coin, earlier this month due to overwhelming demand.
CEO Stephen Pair said that the Shiba Inu community was very “passionate,” adding that community involvement is key to driving blockchain adoption:
BitPay believes that greater involvement of the coin holder community fosters awareness and adoption, thereby helping to advance the blockchain industry to pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.
Apart from allowing to buy and spend crypto, BitPay also supports gift cards.
The Simplex acquisition
As reported by U.Today, Simplex was acquired by Canadian payments firm Nuvei for $250 million earlier this year.
Last week, Nuvei announced that it would launch crypto-focused debit cards in the European Union and the United Kingdom.
