Simplex, the leading fiat infrastructure provider, has integrated XTZ ("Tezos"), enabling users to purchase the coin with any visa or master credit card or debit card or via bank transfer from anywhere in the world.
This integration will continue to drive further mass cryptocurrency adoption at a time when its popularity continues to soar to new heights. The XTZ coin plays a significant role in operating and maintaining the Tezos network should run for holding, spending, sending, baking, or delegating/staking. By owning and baking, XTZ users can vote on network upgrades, with each vote being proportional to the amount of XTZ they bake. Users that do not bake but delegate to bakers earn rewards that the bakers distribute. Enter Simplex: users' everyday credit can now purchase XTZ and debit cards via Simplex, risk-free. Users can also purchase XTZ via bank transfer through Simplex Banking, allowing them to make seamless and fast local payments from across the globe.
"We are excited to work with Simplex to make Tezos more accessible around the world. Offering new fiat onramps to millions of people using the many wallets and exchanges that utilize Simplex's payment solution," said Corey Soreff, Executive Director of Tezos Commons.
"Simplex enables anyone, anywhere, to purchase any digital assets in a riskless and user-friendly way," said Rachel Siegman, Head of Marketing at Simplex. "We're thrilled to announce our partnership with Tezos Commons and give millions of people access to XTZ through our global network of industry partners, especially at a time when mainstream interest in crypto is growing at such a rapid pace."
About Simplex:
Simplex has gone to change the status quo of crypto on/off ramps since the year 2014. As a reward of one of the market chiefs, we have honor established the initial riskless global authorization onramp doing a credit and debit card, which encourages a nullity chargeback guarantee. Simplex Banking allows the Simplex fraudless remittance processing, with international payment convenience. Running adjacent to the crypto ecosystem's critical signs, including Binance, Huobi, Bitpay, and others, Simplex gives the whole fiat support for the cryptocurrency ecosystem. As an authorized EU economic institution, Simplex is only 1 of the ten familiar impactful businesses in blockchain in 2020. Put, Simplex is moving crypto available to all, utilizing the system within the Simplex. Stay up with the most advanced Simplex news by following us on Twitter or visiting www.simplex.com.
Tezos exists an open-source blockchain treaty for assets and applications that package results by updating itself. Stakeholders govern upgrades to the core protocol, including upgrades to the reform method itself. Tezos emphasizes an individual proof of stake consensus mechanism, formally supported smart contracts, and chain-governance.
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