According to the latest reports, another cryptocurrency has adopted by Simplex, which is a prominent onramp provider for fiat to crypto service. The sources have revealed that the name of the new cryptocurrency firm that has been adopted by Simplex is Polkadot.
As per reports, Polkadot (DOT) onramp will now be integrated into the major services provided by Simplex. For now, the major services that the platform will be integrated into are brokers, wallets, and cryptocurrency exchanges.
The announcement surrounding the integration of Polkadot (DOT) onto Simplex’s platform was made on Friday, March 19, 2021.
Simplex has announced that now that the integration has been executed, the users will now have the ability to purchase DOT tokens through new methods. The payment options that have been introduced with the integration of Simplex include bank transfer, Apple Pay, and credit/debit cards.
The firm has revealed that starting from the year 2021, its aim is to gain an enormous amount of crypto-recognition and adoption. The platform is also determined to acquire a huge volume of cryptocurrencies by increasing the number of services and their integrations.
Therefore, the firm is constantly in the process of enlisting as many cryptocurrencies through its platform as possible. According to Simplex officials, the integration of Polkadot into its system would ensure that the firm is on the right track to achieve its goal sooner.
Simplex has already gained a lot of recognition and support from some of the major firms in the cryptocurrency industry. So far, Simplex has provided its services to some of the largest cryptocurrency exchanges such as OKCoin and Binance.
Ever since its launch, Simplex has established partnerships with many firms from the cryptocurrency industry. At present, the total number of cryptocurrency firms Simplex has partnered with is 350.
Furthermore, the platform is known for providing users access to purchasing more than 50 cryptocurrencies that are supported in its ecosystem.
Apart from Polkadot, the recent partnership and integration that Simplex has undergone are on one of the prominent web browsers known as Opera.
In the past, firms that have integrated Polkadot into their platforms have experienced a significant amount of increase and growth with respect to user growth and trade volume.
Therefore, integrating Polkadot in its platform would prove to be extremely beneficial and advantageous for Simplex. With its recent integration, Simplex is expecting that it would gain enormous growth and adoption in the cryptocurrency industry.
Simplex would also gain a lot of exposure for its services and products by integrating Polkadot (DOT) on its platform. Before Simplex, several crypto-projects such as Celer Network (CELR), Ocean Protocol (OCEAN), and Ren (REN).
All platforms have reported a lot of growth with respect to adoption and trade volume after acquiring the services of Simplex.