Simplex brings fiat-crypto ramps to US market via Zero Hash partnership

Simplex, one of the leading fiat-to-crypto payments gateways, is partnering with cryptocurrency and stablecoin infrastructure platform Zero Hash to expand the fiat-crypto ramps for users across the US market.

Simplex to tap into Zero Hash’s API

The collaboration will see Simplex leverage Zero Hash’s full stack API as well as regulatory infrastructure to provide easy access to fiat-to-crypto payments for consumers.

Simplex is an EU-licensed financial firm and provides for a simple and secure way for customers to convert more than 100 fiat currencies to over 160 cryptocurrencies.

Top partners of Simplex include Visa, MasterCard and Apple Pay. The platform also allows for SWIFT, SEPA transactions.

In total, the payments platform provides for fiat-crypto transactions across 680 alternative payment methods, and has a presence in more than 200 countries.

In comment about the collaboration, Zero Hash CEO Edward Woodford said:

“We’re pleased to be publicly announcing our partnership with Simplex for the first time, having powered their US access since 2021. The world’s leading onramps leverage Zero Hash to compliantly onboard millions of people and process billions of transactions with our high throughput API infrastructure.”

Simplex will tap into this technology to offer on and off ramp crypto and stablecoins features that comply with US regulations.

On April 23, 2024, Simplex announced that its crypto to card off-ramp solution is now live. Per the news update, the new feature allows customers to easily sell their crypto directly to their Visa cards. Support is currently available in the European Economic Area (EEA).

The program supports instant transactions in the Euro, Bitcoin (BTC) and USDT. Platforms such as Ledger, XT.COM, Bibox and XDC Network have all recently joined forces with Simplex.

COTI and Simplex teamed up in 2021 to launch Visa debit cards and bank accounts use for customers.

The post Simplex brings fiat-crypto ramps to US market via Zero Hash partnership appeared first on Invezz