logo

VideoCoin Simplex partnership brings new fiat gateway

VideoCoin Simplex partnership brings new fiat gateway

The recently announced VideoCoin Simplex partnership has brought a new fiat payment gateway for the clients. Simplex is a well-known fiat payment processor and VideoCoin offers video encoding and content distribution solutions. The native token of VideoCoin called VID will be supported by Simplex for transactions.

VideoiCoin Simplex partnership will help expand the already extensive payment gateway network of Simplex. KuCoin and Bittrex also list VID token just in case users want more monetary access. The fiat gateway of Simplex will also be available to the VideoCoin users to buy cryptocurrency through their debit or credit card.

VideoCoin Simplex partnership to promote cryptocurrency purchases

The California-based VideoCoin has added wings to its capabilities as a decentralized video encoder firm. In May this year, the firm announced the launch of the eponymous network and its commercial implications. VideoCoin brings uniformity to the video processing world by bringing idle computing resources to video developers. VID token of VideoCoin is well-known for improved staking rewards and delivering worker selection.

Nimrod Lehavi of Simplex said that VideoCoin Simplex partnership will also help developers as the ecosystem of dApps will expand. The firm is happy to join hands with VideoCoin and Simplex is eager to welcome new users who will purchase cryptocurrencies through their fiat payment gateway. The utility of VID token will reach new heights with this collaboration.

Simplex riding high on fiat payment processing

Simplex is a household name in the crypto industry as it has partnerships with MakerDAO, Binance, and OKEx to name a few. The turnkey solutions, especially payment gateways, deliver unmatched crypto-related solutions that are a notch above. Simplex’s fiat rails have built a bridge for traditional investors to enter the crypto industry albeit safely and securely. There’s no bank onboarding for new investors.

Earlier, VideoCoin collaboration with Public Mint provided its users with the option to pay for services in fiat currency. The latest VideoCoin Simplex partnership has broadened the horizon for crypto and fiat gateways which will play a crucial role to help expand the scope of cryptocurrencies.

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

Blockchain industry has over 81 Million active users, reports show
Explained: 2 Important Ethereum priorities after The Merge
Kitsumon launches NFT land sale in partnership with top NFT and Gaming platforms
What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?
Dogecoin price analysis: DOGE peaks at $0.063, quickly tests $0.06  

Follow Us

Industry News

What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?
What is happening with Nexo?
FTT burn Vs. BNB burn Vs. Shiba burn
Was the Wintermute hack an inside job?
Watch: Inside the Walmart Metaverse 2022