Simplex Payment Processing Makes Fraudless Cryptocurrency a Reality

In a Nutshell: Cryptocurrencies have struggled to gain mainstream acceptance, in part, because merchants are wary of accepting them as payment. But Simplex changed that dynamic when it developed a platform that allows merchants to securely and compliantly convert crypto into traditional fiat currency. The platform also facilitates card payments and mitigates fraud and chargeback liability. Today, Simplex is a leading provider of end-to-end payment processing solutions for crypto-based businesses and is active in more than 190 countries and territories worldwide.

The rise of blockchain-based cryptocurrencies began around 2009 with the creation of Bitcoin and was fueled by enthusiasts attracted to its disruptive potential. Crypto promised to revolutionize established sources of central authority, including banks and even governments, and empower individuals to handle their finances directly and equitably.

For others, crypto was seen as an interesting experiment or a risky investment…