BTC $54,570 -6.17% ETH $4,139 -7.00% BNB $593 -6.69% SOL $195.82 -5.48% XRP $0.96 -7.33% DOGE $0.21 -6.03% ENGLISH ADVERTISE CAREERS News Markets Magazine People Cryptopedia Industry Consulting Video Markets Pro OSATO AVAN-NOMAYO DEC 29, 2020 Simplex partners with Visa to issue crypto debit cards Fiat-to-crypto on-ramp service provider Simplex has partnered with Visa to allow its client firms to issue crypto debit cards. 16141 Total views 122 Total shares Listen to article 1:43 NEWS Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa in Europe. A Simplex spokesperson explained to Cointelegraph that the partnership is mainly a boost for the company’s business-to-business activities. “The principal membership is what enables us to roll this out to our partner network, basically giving any Simplex partner the ability to offer a crypto or fiat Visa card.” For Simplex founder and CEO Nimrod Lehavi, the Visa partnership is an important step in the company’s plans of enabling greater access to digital currencies. Back in October, Simplex added a Tether-to-euro cashout feature to its platform. Crypto debit cards remain an important component of enabling “fiat-like convenience” for spending cryptocurrencies either online or in physical store locations. Indeed, the increased utilization of digital currencies for microtransactions remains one of the benchmarks for gauging crypto adoption. In 2020, a number of crypto companies began releasing debit cards that let users spend crypto. Binance Card is the latest entry, shipping to European customers in December. Earlier in the same month, crypto lender BlockFi announced its own card program. Simplex joins Coinbase in the ranks of crypto-native companies obtaining principal membership status. The exchange had previously achieved the same milestone in February, though it has yet to make direct use of the ability as its cards remain issued by third-party providers. DELIVERED EVERY MONDAY Subscribe to the Markets Outlook newsletter Email Address Subscribe By subscribing, you agree to our Terms of Services and Privacy Policy #Visa #Business #Bitcoin Debit Card #Debit Cards #Simplex RELATED NEWS The Big Four Are Gearing Up to Become Crypto and Blockchain Auditors Building a path to sustainable finance and blockchain adoption starts with payments Institutions appear bullish on crypto despite record Bitcoin outflows Proof-of-humanity governance will make DeFi fairer, says Harjyot Singh Celsius Joins Major Cryptocurrency Firms Using Simplex’s Fiat Onramp Visa Approves New DeFi-Enabled Crypto Card in EU and UK Load More Articles EDITOR’S CHOICE El Salvador celebrates Black Friday, buys 100 BTC for 20% off Bitcoin offers ‘Black Friday deal’ with sub-$55K BTC price — Just like 2020 Two Bitcoin funds launched in Singapore by MAS-regulated fund manager New German government cites crypto in coalition agreement Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M COINTELEGRAPH YOUTUBE Subscribe Advertise with us ROBUST LIQUIDITY ON HITBTC FAST AND SECURE EXCHANGE GET CRYPTO LOAN Cointelegraph.com uses Cookies to ensure the best experience for you. ACCEPT