BitPay Partners With Simplex to Offer Zero-Fee Crypto Trading Facility Across Europe

By Bhushan Akolkar
Published February 16, 2021 Updated February 16, 2021
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BitPay Partners With Simplex to Offer Zero-Fee Crypto Trading Facility Across Europe

By Bhushan Akolkar
Published February 16, 2021 Updated February 16, 2021

One of the world’s biggest cryptocurrency payment service providers BitPay is determined to push cryptocurrency adoption in the European continent. BitPay has recently collaborated with Simplex, an on/offramp market leader that would allow European investors to trade crypto seamlessly directly from the BitPay wallet and without any credit or debit card fees.

However, this waive-off of the crypto trading fess is scheduled for a limited time for up to 45 days. Furthermore, this limited-time promotion is available for top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), along with stablecoins like PAX and BUSD. In the press release accessed by NS Banking, Stephen Pair, CEO with BitPay says:

“We want to encourage first-time buyers to purchase crypto and experience first hand how easy it is to purchase, store and spend crypto through the BitPay Wallet app integration with Simplex. BitPay wants to make it simple to adopt crypto, and by working with Simplex, we can eliminate the need for users to navigate to a cryptocurrency exchange to fund the wallet and start living a life on crypto.”

BitPay’s Collaboration With Simplex

While availing this facility via the BitPay Wallet app, the European crypto investors can also open with Simplex Banking. This collaboration between BitPay and Simplex will allow investors to purchase without any limit and make the most of the market opportunity.

Simplex being a regulated financial institution offers a wide range of payment methods for fraud-dress crypto purchases. This collaboration also helps to remove the entry barriers to some of the new investors in the crypto space.

Recently, BitPay also announced an Apple Pay integration that allows the BitPay PrePaid MasterCard to spend their crypto holdings via Apple Pay. Thus, BitPay has been making all efforts to bring cryptocurrencies to mainstream daily purchases.

The BitPay Wallet app is a non-custodial and open-source wallet allowing users to “purchase, store, receive, and spend crypto without compromising on security or usability”.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan Akolkar
822 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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