NAGA Wallet Teamed Up With Simplex: Buy Cryptocurrecy With Credit Card
NAGA Wallet will run on the basis of the Simplex’s API, allowing users to buy crypto assets with credit cards, reported the NAGA Group.
On 4th July, the NAGA Group, a company that “builds disruptive business models” as described on its website, revealed the collaboration with Simplex – “a fintech company that provides worldwide fraudless payment processing.”
By signing the partnership agreement, the two companies intend to support the payment method with credit cards, so that the purchased coins are transferred directly to users’ NAGA Wallet addresses. Therefore, the new collaboration will bring benefits to NAGA Wallet through higher limit and almost instantaneous transactions between users of the same wallet.
Here’s what NAGA founders Benjamin Bilski and Yasin Sebastian Qureshi told:
“We believe this is a very logical and long-awaited step for the NAGA WALLET. With Simplex, NAGA WALLET users will be able to open the full potential of our state of the art wallet. We believe this partnership will significantly increase the user base for the whole NAGA Ecosystem.”
Simplex feature implemented within NAGA Wallet allows users to purchase Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) with credit cards. The maximum limit imposed by the platform is $ 50,000.
The new service offered by Naga Wallet is very simple to use. First, you have to choose the cryptocurrency you would prefer to buy, then you just need to follow the steps of Simplex checkout – here you will need to indicate a billing address, credit card information and to prove your identity by uploading a personal document. The purchase will be transferred directly to your NAGA Wallet.
NAGA WALLET and Simplex are recognized for their simplified services that come to the aid of those who want to realize online payments. NAGA Wallet promises users immediate transactions and a coverage area for its services in over 100 countries.