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Digital asset platform Liquid enables credit and debit card deposits for crypto traders via Simplex partnership

Fri, 22 Feb 2019, 09:59 am UTC

Liquid, a cryptocurrency trading platform launched by Quoine last September, has entered into a partnership with payment processing company Simplex.

Regulated by the Japan Financial Services Agency (FSA) and audited by Deloitte, Liquid supports a number of fiat currencies such as SGD, USD, AUD, EUR, and JPY.

Through the partnership with Simplex, Liquid will be able to provide deposit services for its platform in fiat currency using credit and debit cards.

According to the official release, the service will initially allow Liquid customers to use a Visa or Mastercard to deposit EUR, which can be used to buy cryptocurrencies, or used as a funding currency for margin trading on Liquid. The company said that support for USD funding will be added next and other currencies will follow soon.

Seth Melamed, Liquid Global Head of Business Development & Sales, said that this will bring more flexibility to crypto traders and holders on the Liquid platform.

"We have already raised the bar by supporting various fiat currencies, but now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card," said Melamed.

Nimrod Lehavi, Simplex CEO, said that offering secure credit and debit card processing for crypto purchases will further boost their adoption.

"Our fraudless payment processing solution was designed to reduce entry barriers for all users interested in being a part of the rapidly growing cryptocurrency world," said Lehavi. “Our partnership with Liquid will instantly enable thousands of global users to purchase crypto currencies through the Liquid platform in a simple, fast and secure manner."

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