Cardano’s native cryptocurrency, ADA, will now be available for direct purchases from credit or debit cards, Apple Pay, or even bank transfers.
Its partnership with Simplex, a solution facilitating fiat on/off ramps to the cryptocurrency ecosystem, makes this possible.
Simplex is a cryptocurrency infrastructure and payment provider. The company is based in Israel and launched in 2014.
Cardano’s Integration With Simplex
In a press release yesterday morning, Simplex revealed its new collaboration with Cardano (ADA).
The company will add ADA to its supported cryptos list and make it available to its growing “network” of partners, including multiple cryptocurrency exchanges.
Subsequently, the integration would make it possible for millions of people to buy ADA with a credit or debit card, Apple payments, or via SEPA or a transfer to SWIFT in a user-friendly and safe environment.
Simplex clarified that after careful consideration of the token and the blockchain project behind it, the addition of ADA naturally followed.
The EU-licensed business hit a massive landmark last year by becoming a major partner in the Visa network. Simplex was also named one of 10 crypto firms with the most significant impact in 2020.
Simplex Invests Faith in ADA
Simplex also believes in the potential Cardano has to impact different spheres of daily life positively.
According to Simplex, ADA is safe enough to protect user data, scale sufficiently to accommodate global systems, and robust adequate to support fundamental change.
Simplex offers a complete fiat/crypto infrastructure worldwide by operating alongside notable names in the crypto ecosystem like Binance, Huobi, and BitPay, to name a few.
The status quo of crypto on/off ramps in Europe has been changing since 2014 due to Simplex. Simplex is also an EU financial approved entity and a Visa network Principal Member.
A Bullish Year for Cardano (ADA) Holders
Since the beginning of 2021, the original token of Cardano has been among the most outstanding performers. On January 1st, it traded about $0.18, but it quickly began to rise in the months following.
After a 730% percent boost to around $1.5, ADA had painted a new all-time high. The increased uncertainty also hit ADA on the crypto market, and soon after, it fell below $1.
Nevertheless, the cryptocurrency resumed its bull run quite quickly and hit a new high of more than $1.55 a few weeks ago.
Despite retracing slightly to $1.3, Cardano is currently the sixth-largest cryptocurrency by that metric, with a market cap well above $40 billion.
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