Simplex, the leading fiat infrastructure provider, has integrated XTZ (“Tezos”), enabling users to purchase the coin with a credit or debit card, or via bank transfer, from anywhere in the world.
This integration will continue to drive further mass cryptocurrency adoption at a time when its popularity continues to soar to new heights. The XTZ coin plays a major role in operating and maintaining the Tezos network and can be used for holding, spending, sending, baking, or delegating/staking. By owning and baking, XTZ users are able to vote on network upgrades, with each vote being proportional to the amount of XTZ they bake. Users that do not bake, but delegate to bakers earn rewards that are distributed by the bakers. Enter Simplex: XTZ can now be purchased by users’ everyday credit and debit cards via Simplex, risk free. Users can also purchase XTZ via bank transfer through Simplex Banking, allowing them to make seamless and fast local payments from across the globe.
“We are excited to work with Simplex to make Tezos more accessible around the world, offering new fiat on-ramps to millions of people using the many wallets and exchanges that utilize Simplex’s payment solution,” said Corey Soreff, Executive Director of Tezos Commons.
“Simplex enables anyone, anywhere, to purchase any digital assets in a riskless and user-friendly way”, said Rachel Siegman, Head of Marketing at Simplex. “We’re thrilled to announce our partnership with Tezos Commons and give millions of people access to XTZ through our global network of industry partners, especially at a time when mainstream interest in crypto is growing at such a rapid pace.”