RATE Group | Celsius Joins Major Cryptocurrency Firms Using Simplex’s Fiat Onramp
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Celsius Joins Major Cryptocurrency Firms Using Simplex’s Fiat Onramp

18 Feb Celsius Joins Major Cryptocurrency Firms Using Simplex’s Fiat Onramp

Posted at 15:08h in Cryptocurrency News by

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Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto.

United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement. 

Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users.

Celsius clients will now be able to buy cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via credit or debit cards. Similar to other Simplex-powered fiat onramps, the new feature supports major credit card issuers including Visa and Mastercard.

The U.S. dollar is the only fiat currency accepted at launch

Apart from providing Celsius users with in-app crypto purchases, the new partnership will significantly cut the cost of unloading Bitcoin on the platform. According to Celsius, the…

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