Simplex, the provider of Fiat-to-crypto on-ramp, will support Polkadot on its network of crypto exchanges, wallets and brokers.
In today’s announcement, Simplex said that the integration with Polkadot and the DOT token will allow crypto users to purchase a token using a credit or debit card, Apple Pay or bank transfer. The financial institution aims at “mass purchasing and approval of cryptocurrencies”, and says that adding DOT to its list of secured digital assets will bring it closer to this goal.
Simplex offers cryptocurrency exchange services, including Binance and OKCoin. Since its launch, the company has entered into a partnership with over 350 cryptocurrency companies and has been able to acquire over 50 cryptocurrencies through the network. Recently, a payment processor was integrated into the Opera browser.
Projects that have joined the Polkadot ecosystem have also seen an increase in token prices in recent months. Ren (REN), Ocean Protocol (OCEAN) and Celer Network (CELR) have led the way in interconnection between networks, and have increased the number of active token holders and trading volume for each project – for example, the price has increased. CELR with over 240% between January and March.
At the time of publication, the DOT price was $ 35.85 after rising more than 300% since January 1st.