VeChain and Simplex join forces to enable quick purchase of VET token throughout partner network

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Aug 13, 2021
  • The addition lets the crypto community buy the token using bank transfers, Apple Pay, credit and debit cards
  • VeChain's increasing innovator, developer, and user community can buy VET directly from renowned exchanges
  • Simplex aims to convert more than 50 fiat currencies to over 90 cryptos

VeChain (VET/USD) is the latest addition in Simplex’ range of crypto assets. It’s now possible to sell, buy, and trade VET for fiat and other crypto. The prominent fiat-to-crypto onramp platform allows its customers to buy VET quickly from its partners. The mutual initiative lets the crypto community buy the token using bank transfers, Apple Pay, credit and debit cards, and more.

A pioneer in fiat to crypto onramps

Simplex is a pioneer in the onramp niche, bridging the gap between traditional finance and crypto and offering the cryptocurrency ecosystem impactful, seamless, and powerful solutions. It has hundreds of partner integrations, which are accessible all over the world, including Binance and Bitpay.

VET is available for direct purchase

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The addition of VeChain, a major asset with a market cap of over $7 billion, allows its increasing innovator, developer, and user community to buy VET directly from renowned exchanges and leading wallets like Guarda and Digifinex, which are members of Simplex’s partner network. VeChain is known as a pro-environment blockchain that signs off and verifies transactions using eco-friendly, sustainable blockchain consensus.

Among the company’s partners are BMW, Groupe Renault, LVMH, DNV, Haier, and PricewaterhouseCoopers (PWC).

Simplex aims to maximize available payment methods

Simplex is trying to change the current crypto market situation by making seamless, simple channels available to convert fiat to crypto. The financial institution aims to convert more than 50 fiat currencies to over 90 cryptos. Licensed in the EU, the company empowers its innumerable partners to accept as many payment methods as possible, including SWIFT, Visa, SEPA, MasterCard, and Apple Pay.

VeChain brings the blockchain closer to the people  

Consortium network VeChainThor has evolved into the best-in-class public blockchain platform with an advanced economic model, governance structure, and state of the art technical features. In addition, it utilizes a Proof of Authority consensus.

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