Bitcoin.com is offering its users a crypto buying and selling facility on its platform. The Bitcoin.com Exchange will accept debit and credit cards for buying cryptocurrencies via a Moonpay partnership.
Bitcoin.com Exchange marches on
With its new partnership, users will be able to buy digital currencies by using their credit and debit cards. Traditionally, banks discourage their customers from using their cards to buy digital currencies. However, Moonpay, a fiat-crypto payment service provider, can remove this barrier. It has already allowed users of Bitcoin.com Wallet to buy Bitcoin Cash using credit cards.
Bitcoin.com Exchange COO Danish Chaudhry commented,
“We are very excited to partner with Moonpay to offer our users a simple way to purchase cryptocurrencies with fiat money. Bitcoin.com Exchange is dedicated to making it easier for newbies in the industry to get started, so making crypto available via fiat was a logical next step towards achieving our mission.”
A rebrand helps Bitcoin.com move ahead
Bitcoin.com is planning to create a more inclusive digital currency space with a focus on providing economic freedom. Bitcoin.com Exchange is an effort in this direction. The platform is designed for both retail and experienced investors and provides them a variety of financial services. The platform boasts of institutional-grade encryption and provides two-factor authentication (2FA) for added security for the users. It also applies the unique IP whistleblowing feature that keeps accounts secure.
With the new Moonpay integration, users will be able to buy a variety of assets with debit or credit cards, including Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Cardano ADA, ATOM, EOS, Litecoin, Tron, WAVES, Stellar Lumens, Ontology and Ripple XRP. The partnership helps make cryptos more accessible to people. Cryptocurrency online traders will be watching to see how the newly-formed Bitcoin Cash will perform .
Moonpay co-founder and CTO Victor Faramond emphasized on accessibility, and the role played by a user-friendly onboarding process. He said that the company is thrilled to partner with Bitcoin.com Exchange and provide an easy way for users to credit their accounts. Both companies will now work on improving the crypto onboarding process. They are aiming to add tokens based on the Simple Ledger Protocol (SLP) to the recently announced fiat gateway as well.
Note that SLP is designed on the Bitcoin Cash blockchain and first arrived in 2018. To date, more than 6,000 SLP tokens have come into existence. ACD, GOC, and FLEX are some of SLP tokens added on Bitcoin.com Exchange, operated by prominent BCH backers. The exchange may add more SLP tokens in the future.