Simplex, a Fiat-to-crypto provider on the ramp, will support Polkadot on its network of cryptocurrency 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 acquisition and certification of cryptocurrencies” and says that adding DOT to the list of hedged 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 paved the way for facilitating interconnection between networks by increasing the number of active token holders and trading volume for each project – for example, the price of CELR increased by more than 240 % from January to March.
At the time of publication, the DOT price stood at $ 35.85 after rising more than 300% since January 1st.