On July 4, NAGA announced the integration of Simplex API into its platform’s NAGA WALLET — effectively providing users the ability to purchase cryptocurrencies with credit cards. The Simplex API is integrated directly into the NAGA WALLET — thus making it the one and only of its kind.
Simplex is a leading fraudless payment processing provider in the cryptocurrency space. Together, the two prominent fintech companies plan on using the partnership to ease and secure the process of purchasing major cryptocurrencies using a credit card by having them deposited directly into the users’ NAGA WALLET accounts.
NAGA WALLET’s new feature will allow high limits and near-instant delivery of cryptocurrencies for the products’ users. In a joint-statement, NAGA Founders Benjamin Bilski and Yasin Sebastian Qureshi stated:
“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’s integration with NAGA WALLET will allow users to buy the most prominent cryptocurrencies — namely, Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) — using their credit card. The limit is $50,000 per day.
The process of buying cryptocurrency with a credit card on NAGA WALLET is very straightforward and user-friendly.
Users simply need to first choose which cryptocurrency they’d like to buy, then initiate the Simplex checkout procedure. The platform requires a billing address, credit card details, and the uploading of verification documents — the latter only needs to be done once. Purchased cryptocurrencies are credited to users’ NAGA WALLET immediately.
Because NAGA WALLET and Simplex are both dedicated to providing the most streamlined process for buying cryptocurrencies in the easiest and most secure way possible for users, the purchasing of Bitcoin, Bitcoin Cash, Ethereum and Litecoin can now be done instantly in more than 100 countries around the world.
Interested users may try the newly integrated feature in the NAGA WALLET via the following link: https://naga.com/wallet/.