NEW YORK—More than 200 partner companies to Simplex can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions.
The development is the new partnership between Simplex and Visa, Cointelegraph reported. Simplex, a fiat-to-crypto on-ramp service, is now a principal member of Visa in Europe.
A Simplex spokesperson told Cointelegraph the partnership is mainly a boost for the company’s business-to-business activities.
“The principal membership is what enables us to roll this out to our partner network, basically giving any Simplex partner the ability to offer a crypto or fiat Visa card.”
Simplex founder and CEO Nimrod Lehavi said the Visa partnership is an important step in the company’s plans of enabling greater access to digital currencies, according to Coin Telegraph.