Ethos is basically cryptocurrency storage and tracking platform that operates on the blockchain. Recently, it declares its partnership with Simplex to allow and embrace crypto purchasing functionality via its Universal Wallet.
Now, users can easily and safely buy crypto directly in their Universal Wallet through @SimplexCC, while always maintaining self-custody. Simplex is a global instant fiat purchasing service enabling crypto purchases with credit and debit cards. Learn more: https://t.co/Ktj7pOXMTx pic.twitter.com/tXj4SwHUNI
— Ethos.io (@Ethos_io) January 16, 2019
As per the announcement, this latest functionality is introduced with the Universal Wallet with v1.6 update. Moreover, it allows clients to purchase Bitcoin along with other several altcoins now through credit and debit cards. Also, the CEO and founder at Ethos, Shingo Lavine mentions:
Ethos is excited to offer a wealth of dynamic capabilities to consumers. The Universal Wallet will become the most accessible way for people to safely interact with cryptocurrencies using innovative services such as Simplex.
Currently, the functionality of Simplex supports direct purchases from a credit card for leading cryptocurrencies such as Ripple XRP, Ethereum ETH, Bitcoin BTC, Bitcoin Cash BCH, and Litecoin LTC. The CEO at Simplex, Nimrod Lehavi states:
As Ethos expands its service offering, Simplex is proud to play a fundamental role in offering seamless, easy conversion between fiat and cryptocurrencies while ensuring transaction are completely fraud-free. We are able to achieve this thanks to our advanced machine learning AI algorithms and broad accumulated experience as security experts.
The company Ethos has also added TrueUSD (TUSD) to its listing, which seems an exchange-independent stablecoin already backed 1-for-1 with USD.
How can you directly start purchasing cryptocurrency with Simplex in your Universal Wallet? Let’s get in details!
- Initially, the user needs to download the wallet right from the iTunes or via Google Play App-Store
- Then create an account, on the platform ⇒ confirm the email address ⇒ and finally create the initial SmartWallet.
- Click on the “Buy Crypto” Button ⇒ to link your payment details. A user needs to finish up with the account registration process.
- Wind up your purchase ⇒ then, your crypto will display the payment approval right in your Universal Wallet.