EU-licensed fintech firm Simplex has partnered with crypto social trading platform HedgeTrade to integrate and add HEDG cryptocurrency to its credit card processing solutions.

The integration allows HedgeTrade users to buy and hold HEDG tokens – built on the ethereum blockchain – using credit cards.

HedgeTrade, which was launched last month, is an open market platform for both novice and experienced traders to earn HEDG tokens.

HedgeTrade co-founder and CEO David Waslen said: “Simplex is a great partner for our users because it allows them to buy HEDG tokens in a familiar way by using credit cards and ultimately lowers barriers to adoption.”

Simplex is an online and credit card-to-crypto payments processor.

It enables merchants globally to accept various payment methods including credit card deposits and purchases.

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Simplex co-founder and CEO Nimrod Lehavi said: “We are excited to partner up with HedgeTrade to reach a new audience of crypto users and make it easy for them to get involved and learn about crypto trading.”

Experienced traders can sell prediction blueprints by staking their HEDG tokens, and build a reputation for the quality of their predictions.

Novice traders can buy these blueprints – which contains entry and exit points – to benefit from their own cryptocurrency trades.

They can purchase the blueprints using their tokens as well as using Bitcoin.

The tokens can be traded, withdrawn, or sold anytime.