Simplex Partners with Vechain (VET)

Simplex Partners with Vechain (VET)

Payment and infrastructure provider Simplex, which allows the purchase of many cryptocurrencies with credit or debit cards, has recently added the supply chain cryptocurrency Vechain (VET) to its platform. VET can now be purchased directly through Simplex’s affiliate network of leading exchange and wallet companies.

Vechain (VET) is the latest cryptocurrency added to the system by Simplex for buying, selling, and trading with both fiat and other cryptocurrencies. The parties announced the partnership with their statements today, and thus VET became one of the cryptocurrencies supported by Simplex and its partners.

Thanks to this agreement, VET, the cryptocurrency of Vechain, will appear in front of a much wider crypto community and users; They will be able to receive VET via bank transfers as permitted by credit card, debit card, Apple Pay or Simplex Banking.

Binance, Huobi, Bitpay partnerships…

As it is known, Simplex company provides dual solutions and bridges the gap between crypto and traditional finance, making the transition from fiat money to crypto money. The company, which has approximately 350 partners worldwide, also has partnerships with world-renowned exchanges such as Binance, Huobi, and Bitpay.

The rising value of the last period Vechain

The Vechain ecosystem and its biggest cryptocurrency, VET, are among the rising values ​​of the last period. As it is known, Vechain has a blockchain-based supply chain platform and a system that displays important processes such as production, packaging, and shipping of products to both the customer and the supplier in detail.

BMW, Renault, LVMH also work with Vechain

Using the green and sustainable blockchain consensus to validate transactions in the cryptocurrency ecosystem, Vechain also serves corporate companies by providing decentralized solutions to reduce transaction costs and increase overall production. Giants such as LVMH Moët Hennessy, BMW, Renault, Walmart China, and PricewaterhouseCoopers (PWC) also do business with Vechain.

VET, which has a market value of approximately 10 billion dollars, from now on Simplex; Bitrue can be purchased directly through its affiliate network of leading exchanges and wallets, including Digifinex and Guarda Wallet.

Speaking about the partnership, Vechain marketing manager Yvette Xia stated that they want their technology to spread all over the world and said:

“This partnership will contribute to further dissemination of VET and increase its acquisition potential. It is a very important partnership for the impact of Vechain technology to have a greater impact…”

As it is known, Simple provides an infrastructure that allows the transition from fiat money to crypto money with many payment methods, especially Visa, MasterCard, Apple Pay, SWIFT, and SEPA. Founded in 2014, the company provides a 100% guarantee, as well as making up to 100% payments to its customers in case of fraud or disruption. The company is the first platform that allows the purchase of crypto money with credit and debit cards.

SEE ALSO: 6 Common Usage Area for DeFi (Decentralized Finance)

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Caroline Tetra

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