Simplex, an EU-licensed financial institution that provides the fiat infrastructure for the cryptocurrency industry, announced on Thursday it has added support for Bitcoin SV (BSV) to its global networks. Simplex reported that it enables merchants worldwide to accept a variety of payment methods for the purchase of digital assets, including Visa and Mastercard credit/debit cards.
“With over 150 partner exchanges, wallets, and gateways, the addition of Bitcoin SV to Simplex’s suite of product offerings, will extend BSV’s accessibility to an even wider base of users.”
Simplex further explained that some of its most prominent partners already supporting Bitcoin SV include: BiKi, Bitfinex, Bithumb, Bitmart, BitMax, CoinEx, Cross exchange, DigiFinex, Huobi, KuCoin, MXC, OKEx, and Poloniex. While sharing more details about the support, Jimmy Nguyen, Founding President of Bitcoin Association, stated:
“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.”
Simplex added that 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.