Singapore-based cryptocurrency services platform Ethos announced it now integrating with Simplex, a global instant fiat purchase service enabling bitcoin and altcoin purchases with credit and debit cards. The integration will be through the Ethos Universal Wallet, which provides a secure, self-custodied mobile wallet that puts users is in control of funds at all times.
According to Ethos, the new integration will allow Ethos customers to soon have access to liquidity and exchange services between fiat and cryptocurrencies on an international scale. Ethos also reported that the integration will allow it to accelerate the first phase of the fiat gateway and provide its customers with a safe and seamless method for converting between fiat and cryptocurrency. Speaking about the partnership, Ethos founder and CEO Shingo Lavine, stated:
“The Universal Wallet will become the most accessible way for people to safely interact with cryptocurrencies using innovative services such as Simplex.”
Nimrod Lehavi, CEO and co-founder of Simplex, added:
“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 transactions 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 integration with Simplex comes just days after Ethos announced its integration with ShapeShift to depend liquidity and advance its exchange. This integration will allow users to securely exchange and swap coins without any intermediaries. Paired with the Shapeshift integration, the integration with Simplex will allow users to be able to gain access to dozens of cryptocurrencies and tokens using fiat.
The Ethos Universal Wallet is now available in the iOS and Android app store worldwide.