MakerDAO (MKR) Partners with Simplex to Enable Dai (DAI) Purchase with Fiat | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
MakerDAO, Ethereum-powered decentralized finance (DeFi) heavyweight, has joined forces with Simplex, a European Union-licensed firm that provides a fiat gateway to leading bitcoin trading venues. The deal will enable Simplex to create a fiat on and off-ramp for the DAI dollar-pegged stablecoin, according to reports on March 3, 2020.
Simplex Facilitating DAI Purchases with Credit Cards
Members of the MakerDAO DeFi ecosystem can now quickly purchase the Dai (DAI) decentralized stablecoin in a more convenient manner, thanks to the new alliance between the former and Simplex.
Per sources close to the matter, the deal makes it possible for anyone to buy DAI with credit and debit cards. For the uninitiated, DAI is one of many dollar-pegged stablecoin that fuel the exponentially budding DeFi space.
Established in April 2014 by Erez Shapira, Netanel Kabala and Nimrod Lehavi, Simplex solutions currently being used by top exchanges in the crypto industry, including Binance, Huobi, and Poloniex, among others. Already, users of the Simplex platform can purchase a handful of altcoins including TRON (TRX), DASH (DASH), and Cosmos (ATOM), with their credit or debit cards.
Commenting on the latest development, Gustav Arentoft, Maker’s business development representative in Europe said:
“Integrating Dai into Simplex is a benefit o both current and future users.