Users in Europe will be able to purchase cryptocurrencies with no debit or credit card fees for 45 days.
According to the company’s press release, BitPay was able to waive the fees for its European customers by partnering with Simplex, a company providing fiat onramps to cryptocurrency exchanges. Stephen Pair, the CEO of BitPay, said the promotion was created to encourage first-time buyers to purchase cryptocurrencies.
“BitPay wants to make it simple to adopt crypto, and by working with Simplex, we can eliminate the need for users to navigate to a cryptocurrency exchange to fund the wallet and start living a life on crypto,” he said in the company’s announcement.
The promotion will enable users in Europe to buy cryptocurrencies such as Bitcoin, Bitcoin Cash, and Ethereum, as well as PAX and BUSD stablecoins. Customers will be able to open and fund an account with Simplex Banking directly through the BitPay Wallet application.