Simplex now allows an option of direct purchase of Cardano ADA tokens will be available from credit or debit cards, Apple Pay, or even bank transfers. This becomes attainable after the announcement of the partnership between the popular blockchain project and the Israeli-based provider.
Undeniably, the partnership will license “millions of people” to secure Cardano (ADA) with a credit or debit card, Apple Pay, or via SEPA or SWIFT transfer “in a convenient and secure environment.”
Cardano Fellowship With Simplex
An Israeli-based provider of fiat to crypto infrastructure, Simplex was founded in 2014. From the latest, the firm has announced a partnership with Cardano, resulting in adding its native crypto token ADA to the list of ‘supported cryptocurrencies by Israeli-based provider’. Not more than a year back, the EU-licensed company attained a significant milestone by becoming a principal partner of the Visa network.
The move by crypto infrastructure marks its identity as a “growing partner network, including multiple crypto exchanges, wallets, and brokers.”
Reasons Behind the Simplex Partnership with ADA
Simplex – a solution facilitating fiat on/off ramps to the cryptocurrency ecosystem further explained its reason behind the partnership. According to simplex, the notion of adding ADA is a result of an in-depth examination of the token and the blockchain project working behind it. The potential Cardano (ADA) holds to alter the sphere of everyday lives is tremendous. It is capable of securing billions of data projects, scalable enough to fit into the global systems, and robust enough to sustain a foundational change.
Since Cardano is “the first blockchain platform founded on peer-review research and developed through evidence-based methods,” it makes it more interesting for the simplex to get oriented towards it.
Talking about the price performance of Cardano which is undoubtedly a deciding factor then one can observe a 730% surge in the token at the beginning of the year.