As per a recent press release, JPEX, a global asset manager and trading platform for digital assets, sealed up a smart partnership with Simplex by Nuvei, the leading fiat-to-crypto gateway provider, to devise an innovative strategy for onboarding CeFi users to the inspiring DeFi ecosystem.
Following this deal, JPEX will use Visa debit cards as a medium to create a unique gateway between fiat currencies and cryptocurrencies through Simplex by Nuvei. These cards will only be available in the EEA and the U.K. Visa is the world’s largest payment processor with an estimated number of circulating cards exceeding 850 million.
Gradually, users and operators in traditional finance are shifting to a more automated, decentralized, and smarter way of handling transactions and finances. As the technology demonstrates, users utilizing blockchain fully control ownership and can interact with exciting features enabled by smart contracts through DeFi protocols. As users and operators seek to explore DeFi options, enabling platforms continue to bridge the gap, accelerating migration.Â
JPEX’s crypto-friendly debit cards aim to increase crypto’s spending possibilities, further connecting more real-world businesses to the blockchain. This milestone is anticipated to accelerate the adoption of crypto in various sectors, creating a secure environment for CeFi users to trial and take advantage of opportunities in the fast-evolving crypto and DeFi markets.
For seamless user onboarding and registration, JPEX and Simplex by Nuvei plans to allow users to strategically pre-order Visa debit cards ahead of the official issuance of physical cards in Q4 2022.
Meet The Innovative Partners
JPEX creates an enabling environment and portal for users exposed to DeFi and CeFi. The platform also specializes in dApp development, artificial intelligence trading, and core blockchain and cryptocurrency research to inform its user base while receiving technical support from expert maintenance teams in…
