Simplex has announced a partnership with Vechain (VET) to help connect the crypto community to a global platform.
Simplex, an EU-licensed financial institution, has partnered with VeChain (VET), a blockchain-powered supply chain platform and one of the most valuable cryptos in terms of market capitalization.
VeChain has been added to the list of supported crypto assets by the major financial institution that provides seamless channels to convert over 50+ fiat currencies to 90+ cryptos. Users can buy, sell, and trade VET for fiat and other cryptocurrencies.
The agreement, according to Simplex, the premier fiat-to-crypto onramp infrastructure platform, connects the crypto community to a global platform.
As a result, consumers can purchase VET using a variety of payment options via Simplex Banking. Visa, MasterCard, Apple Pay, SWIFT, and other payment methods are included.
Simplex, being the market leader, enables many partners to allow individuals to acquire billions of dollars in cryptocurrency.
Simplex has also built frictionless fiat-to-crypto onramps. Furthermore, it gives “powerful, seamless, and impactful solutions” to the crypto sector.
Simplex also rapidly bridges the gap between credit card payments and cryptocurrency for traders all across the world. It has partnered with a number of cryptocurrency companies, including Binance, Poloniex, BitMart, and KuCoin, to name a few.
Furthermore, this collaboration is a significant step forward for the blockchain platform’s ever-expanding community.
In reality, VeChain’s community of consumers, developers, and innovators may now purchase VET directly, conveniently, quickly, and securely.
“VET will be accessible for direct purchase across Simplex’s partner network of leading exchanges and wallets, including Bitrue, Digifinex, and Guarda Wallet,” the Simplex team noted.
VeChain, which is based on the VeChainThor public blockchain, provides resources to anyone interested in solving real-world economic problems.
After that, VeChain focuses on corporate adoption by delivering decentralized solutions to reduce transaction costs and increase overall productivity.
LVMH, Haier, BMW, Groupe Renault, DNV, and PricewaterhouseCoopers have all partnered with the blockchain platform (PWC).
