View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
February 20, 2020

Infinito taps Simplex to support crypto purchases using cards

Infinito Wallet, a multi-crypto wallet, has collaborated with payment processing company Simplex to support credit and debit card payments for crypto purchases by users of its wallet.

As part of a promotional offer, users will get 50% off on service fees on using the Buy Crypto option of the wallet. The offer started on 14 February 2020 and will end on 27 February.

Infinito director Jack Nguyen said: “Thanks to the strategic partnership with Simplex, our users can now purchase Bitcoin and other top cryptocurrencies using their everyday credit card at great price.

“With this integration, Infinito Wallet can offer the most complete crypto experience for investors: buy their first coin, track market price, exchange, use their crypto to earn more with DApps, and soon, stake to earn passive income directly on the wallet.”

Infinito eventually intends to join forces with regional fiat gateway and exchange services to meet the needs of users in Southeast Asia.

At present, Infinito supports more than 2,000 coins and tokens along with decentralised applications.

In recent times, Simplex has enabled various crypto firms to support digital currency transactions with cards.

Last month, Simplex enabled Dove Wallet, the global crypto wallet service of Seoul-based blockchain finance startup CHILDLY, to buy crypto currencies directly through credit cards.

In 2019, Simplex supported crypto payments with cards for OKCoin, Huobi Group, Edge, Liquid, and Netcoins.

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International