KuCoin enables credit card payments for cryptocurrencies via Simplex partnership

Singapore-based cryptocurrency exchange KuCoin has entered into a partnership with Simplex, a payment processing solutions provider headquartered in Israel.

As a result of this partnership, new and existing KuCoin users would now be able to purchase cryptocurrencies using their credit and debit cards.

“This service can be found in “Assets – Deposit” and currently supports the purchasing of BTC, ETH, and LTC with both USD and EUR in over 100 countries,” KuCoin said.

Founded in 2014, Simplex works with some of the largest crypto exchanges, wallets and platforms including Shapeshift, BRD, Litecoin Foundation, Mycrypto, XAPO and Changelly.

Earlier this month, KuCoin raised $20 million in a Series A funding round from IDG Capital, Matrix Partners, and Neo Global Capital. The funding will be used towards bringing KuCoin Platform 2.0 to life, increasing customer support staff, global expansion, and blockchain research and development.