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Simplex is a leading cryptocurrency payment processing platform that offers a secure and easy-to-use solution for merchants to accept Bitcoin and other cryptocurrencies as payment. Their platform enables merchants to convert crypto payments into fiat currency in real-time, providing the benefits of cryptocurrency payments while eliminating the volatility risks.
Simplex was founded in 2014 by four experts in the fields of security and risk management
The company launched its platform in 2015, allowing merchants to accept Bitcoin payments
In 2016, Simplex partnered with BitPay to enable more merchants to accept cryptocurrencies as payment
In 2018, the company expanded its services to include support for additional cryptocurrencies such as Ethereum and Litecoin
In 2021, Simplex was acquired by publicly traded cryptocurrency company, Galaxy Digital
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Simplex's payment processing platform allows merchants to accept Bitcoin and other cryptocurrencies as payment and automatically converts them into fiat currency in real-time.
Simplex's on and off ramps allow users to easily buy and sell cryptocurrencies with a debit or credit card, bank transfer, or other payment methods.
Simplex's security infrastructure ensures that all transactions are secure and users' funds are protected. They use advanced fraud prevention and risk management tools to keep users' funds safe.
Simplex supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple (XRP), among others.
Transactions on Simplex's platform are usually completed within a few minutes or less, depending on the network congestion of the chosen cryptocurrency.
Yes, Simplex uses advanced fraud prevention and risk management tools to keep users' funds safe. They also have a strong security infrastructure to ensure that all transactions are secure.
Fees vary depending on the transaction type, currency, and payment method. Simplex charges a processing fee for all transactions and may also charge a fee for currency conversion.
Simplex is primarily a business-to-business (B2B) service, so merchants who want to accept cryptocurrency payments can sign up through their payment service provider or directly through Simplex's website.
