BitPay Taps Simplex to Smooth Cryptocurrency Purchases

BitPay Taps Simplex to Smooth Cryptocurrency Purchases

BitPay today announced that users on their platform will now be able to purchase cryptocurrency directly in the App with bank cards after it has inked a partnership with payment provider Simplex. Announced today, the agreement will give BitPay a fiat onramp to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.