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DAI Stablecoin Fiat Purchasing Now Avaliable on Simplex

Tue, 03/03/2020 - 14:13
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Vladislav Sopov
Purchasing crypto via credit cards remains the simplest way to obtain digital assets for a majority of traders. A new DAI-to-fiat paygate arrives from Simplex ecosystem
DAI Stablecoin Fiat Purchasing Now Avaliable on Simplex
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DAI is a U.S. Dollar-pegged stablecoin issued by Maker DAO atop the Ethereum (ETH) blockchain. Now, users can purchase it with their credit cards as a new payment solution has been released by Simplex.

Buy DAI with credit cards

Simplex, an EU-licensed payment ecosystem that addresses the sphere of crypto-to-fiat remittances is well-known for its seamless exchange experience with top altcoins. Users of Simplex can purchase Tron (TRX), Cosmos (ATOM) and Dash (DASH) cryptocurrencies with credit cards. Now, the DAI stablecoin by Maker DAO has joined this league.

Simplex solutions are integrated into major cryptocurrency trading platforms, e.g. Binance, KuCoin, and OKEx. As a result, millions of users can now add the most in-demand stablecoin in DeFi to their portfolios. Both debit and credit cards are welcome within this system.

According to Gustav Arentoft, Maker’s Business Development Representative in Europe, this partnership is meaningful for DAI users as:

it gives them a straightforward fiat on- and off-ramp with access to the industry’s biggest players

Funds are safe

The Israeli-based Simplex team is pioneering many security features as it refunds the victims of the fraudulent chargebacks. Its fraud prevention solutions are based on Artificial Intelligence performance leaving no chance for scammers to access users' funds.

Bitcoin Supporter Peter McCormack: DAI Too Complicated for Normal People to Use

The DAI stablecoin, which is the fuel for numerous decentralized financial applications, can upgrade its adoption with a user-friendly solution. This is really important for the token as crypto podcaster and Bitcoin proponent, Peter McCormack, recently highlighted that it's very difficult for the average crypto holder to utilize DAI.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)