The leading cryptocurrency exchange Binance announced on Thursday, January 31, that its users now have the opportunity to make deposits using Visa and MasterCard credit cards. This option was realized due to the partnership with the Simplex processing service.
“We want to provide Binance traders with quick and easy access to cryptocurrencies, making it as safe as possible. The partnership with Simplex allowed us at the global level to bridge the gap between payments using credit cards and cryptocurrencies, ”said Binance CEO Changpeng Zhao.
The exchange also says that it is able to process 1.4 million orders per second, being not only the largest trading platform in terms of trading volumes, but also the fastest in the market.
“Simple and fast card payments for regular users are a key factor in wider adoption of cryptocurrencies. We are excited about the partnership with Binance and the opportunity to jointly provide a better user experience, ”said Nimrod Lehavi, co-founder and CEO of Simplex.
Changpheng Zhao added that the cryptocurrency industry is still at an early stage of its development and that the majority of the money in the world is still the same Fiat. According to him, the creation of such payment gateways is necessary for the growth of the ecosystem and the spread of cryptocurrency to a greater number of users.