Crypto Trading Portal Liquid Enables Credit And Debit Card Deposits
Crypto trading portal Liquid has partnered with payment processor Simplex to provide deposit services for Liquid.com in fiat currency using credit and debit cards.
Liquid, which was launched last year by Japanese FinTech firm Quoine, provides access to liquidity pools sourced by a unified platform, allowing users to match trades across multiple transactions and cryptocurrencies. It currently supports fiat currencies such as SGD, USD, AUD, EUR and JPY. Liquid is regulated by the Japan Financial Services Agency (FSA) and audited by Deloitte.
Liquid’s partnership with Simplex, a FinTech firm focused on fraudless online payment processing solutions, will allow its customers to use a Visa or Mastercard to deposit EUR, which can be used to buy cryptocurrencies such as bitcoin and ethereum, or used as a funding currency for margin trading on the Liquid platform. Support for USD funding will be added in the coming weeks, with other fiat currencies to follow.
Seth Melamed, Liquid Global Head of Business Development & Sales, said that the partnership will bring even more flexibility to crypto traders and holders on their Liquid platform.
“We have already raised the bar by supporting various fiat currencies, but now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card,” Melamed said. “This represents a significant milestone for Liquid as we continue to roll out useful services for our users.”
Simplex CEO Nimrod Lehavi said that their fraudless payment processing solution was designed to reduce entry barriers for all users interested in being a part of the rapidly growing cryptocurrency world.
“By offering secure credit and debit card processing for crypto purchases, adoption will continue to rise, expanding the cryptocurrency space as we know it,” Lehavi said. “Our partnership with Liquid will instantly enable thousands of global users to purchase crypto currencies through the Liquid platform in a simple, fast and secure manner.”
