Home » WealthTech » Simplex Partners with Opera to Offer Crypto onramp for Browser Users

Simplex Partners with Opera to Offer Crypto onramp for Browser Users

According to media reports, Opera, an online browser has partnered with crypto-to-fiat onramp provider and payment processor Simplex to offer a crypto onramp for users of the browser.

The result of the integration is that users will be able to buy and sell a range of cryptocurrencies quickly within the Opera browser.

The partnership come at a time when 2021 has been witness to large financial institutions getting more involved with bitcoin and cryptocurrencies as well as an exponential price increase.

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According to media reports Rachel Siegman, head of marketing at Simplex said, “Current Opera users can on-ramp using their debit or credit card with Simplex and Simplex users can now use the secure and instant payments on Opera”.

Opera is one of the oldest developed browsers in the world, initially released in 1995, the browser features a built-in VPN and ad blocker. In 2018, Opera launched a decentralized application explorer- Web 3.0 support and its native crypto wallet in Opera for Android users, making it one of the first Web 3.0 and blockchain ready browsers. At present Opera’s wallet supports ETH, BTC and tron. This will be further enhanced by Simplex making it easier to buy major coins such as BTC and ETH.

Israel-based payments processor Simplex was launched in 2014, and became a principal member of the Visa network, meaning the company has permission to issue Visa debit cards, giving its consumers access to digital currencies daily. Simplex has been changing the status quo of crypto on/off ramps since 2014. Last month, the EU-licensed fintech also launched Simplex Banking, offering the Simplex fraudless payment processing with global payment accessibility. This enables users to buy crypto and convert it into fait in a bank account. Simplex works alongside crypto companies providing the complete fiat infrastructure for the cryptocurrency ecosystem.