BitPay, Simplex to Offer Zero-Fee Crypto Purchases in Europe
- Users in the European Economic Area (EEA) will be able to purchase cryptocurrencies with zero-fees.
- The promotion will last for 45 days and is set to encourage first-time buyers.
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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.
- The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
- As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.
Wikipedia logo is seen on a mobile phone screen. Shutterstock
- The partnership will enable Verifone merchants to securely accept crypto payments.
- The service will roll out to customers in the U.S. later this year.
- UATP is a global payment network owned and operated by the world’s airlines.
- By leveraging BitPay’s infrastructure, UATP will enable its airline clients to accept cryptocurrency payments for travel.