Yesterday, Dash announced its partnership with Simplex. Simplex is a fiat currency infrastructure provider that is based in Israel. It is licensed in Europe and offers fiat infrastructure for cryptocurrencies. It is a well-networked platform with many active partners and offers ten different cryptocurrencies on its platform.
This partnership will enable the users to exchange Dash for fiat currency with the help of credit cards. The effect of this partnership has come to fruition on Feb 20th, 2020. The users will be able to buy Dash both through the Simplex network as well as through the partners. On this partnership, Dash shared:
Our new partnership with Simpex enables purchases of Dash with a credit card through their network and partners. We are excited to announce this partnership with Fiat infrastructure leader @SimplexCC!
— Dash (@Dashpay) February 20, 2020
This partnership will bring a lot of benefits to the crypto community. It will make the access of the cryptocurrency more open and easy to a greater number of users given. Simplex has a wide-spread network of exchanges and wallet services throughout the world.
Dash, in particular, will get to enjoy many access points, given Simplex is networked with many crypto giant platforms such as Binance. The network, on the one hand, offers great exposure opportunities; on the other hand, it also provides strong security features. Reports reveal that it will bring- ‘advanced fraud detection capabilities while also providing a solid and unified user experience across the board.’
The CEO of Simplex, Nimrod Lehavit, shared his views over the importance of using credit cards in the crypto adoption:
We are pleased to add Dash to our portfolio and allow our network of a hundred of leading exchanges and wallet partners to offer credit card purchasing of Dash using a multitude of currencies simplex now supports.
In recent times Dash has partnered with Tauros which cryptocurrency remittance firm. The aim of this partnership is to bring forth Dash to ATMs in regions of Mexico. Dash has made its name in advanced features of proprietary fraud detection algorithms, and AI techniques. These are advanced features that offer protection against fraudulent transactions and thus make a stable transaction platform.