On-Ramp Provider Partners With DeFi Platform To Enable Debit And Credit Cards Usage | Exclusive

Cryptocurrency on-ramp service provider Simplex will allow users of decentralized finance (DeFi) platform Kava KAVA/USD to access its ecosystem with credit card payments.

What Happened: According to an announcement shared with Benzinga on Tuesday, Simplex will allow purchases of Kava's token through debit and credit cards.

The platform is purportedly the largest provider of this kind of service and is already a partner to leading cryptocurrency exchanges such as Binance, Huobi, and BitPay. 

“Our partnership with Simplex provides for a simple and streamlined way to use credit or debit cards to buy KAVA and gain access to all of the assets on the Kava chain,” Kava Vice President of Global Business Development Aaron Choi said.

Read also: What Is De-Fi?

Kava, on the other hand, is allegedly among the fastest-growing DeFi platforms and already counts over 250,000 users.

It is based on the Cosmos ATOM/USD technology and specializes in providing a curated DeFi platform that allows earning interest on, trade and lend assets such as Bitcoin BTC/USDXRP XRP/USDBinance CoinBNB/USD and Polkadot DOT/USD.

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Posted In: CryptocurrencyFintechMarketsBitcoinBlockchaincredit cardscryptocurrenciesEthereum
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