Simplex, a platform self-described as “an EU licensed fintech company that provides worldwide fraud-free payment processing” has just revealed that it now supports Bitcoin SV, according to a press release.
Thanks to Simplex, companies around the world can accept fiat for cryptocurrency purchases, enabling users to buy with Visa, Mastercard, and more. They’re partnered with over 150 exchanges, including Poloniex, Bitfinex, Bithumb, Bitmart, and CoinEx.
“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,” the release notes. “As the only blockchain that can massively scale, Bitcoin SV offers a unique value proposition in that it can facilitate diverse data usage, while also maintaining fast transaction times and very low transaction fees (sending a Bitcoin SV payment costs only fractions of a cent).”
Speaking on the matter is Jimmy Nguyen, the Founding President of the Bitcoin Association, who had said:
“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.”