The Recent Announcement From Simplex Could be Big For Hive

almost 3 years ago (Edited)

Well buying cryptos for someone who are already in the crypto space for sometime probably is not difficult. In case of me, thanks to Hive opening multiple ways in buying different cryptos. What it means is that I am able to buy most of the cryptos around the crypto space by simply trading my Hive tokens.

Whenever I would try to explain about Hive to my friends, the first question they would ask, how can we cash it out? I can understand, being new and not knowing much about cryptocurrency, I think they have the right to ask how does transactions work in the crypto space.

But as the crypto community grow, we might see more and more organizations providing the services of transactions between Fiat and Cryptos.

For someone, who is new to Hive and wants to buy some Hive tokens, I am happy to share with you a recent announcement by Simplex, which is an EU Licensed financial institution and level 1 service provider, adding Hive to its platform where users may now be able to trade Hive with Fiat through credit card payments.

In a Tweet by Simplex team,

Joining #web3 has never been easier thanks to @hiveblocks !
We're excited to enable global onramps to #HIVE using a debit/credit card, Apple Pay or bank transfer!

This is good news for us as Hivians specially for the newbies who have been facing problems trading crypto with Fiat.

The good thing is that according to Simplex they support 125+ cryptos and 110+ Fiat currencies with 350+ partner integrations that are globally accessible.

I have seen a few users replying to to the tweet saying that Simplex should also add HBD. It would be cool to have HBD listed as well on Simplex but guys relax for some time, let them experience the fruits of it, then they might also think of listing HBD. For the moment, you can trade HBD with Hive on Hive's internal market from your wallet here https://wallet.hive.blog/market.

Checking the markets for Hive on coinmarketcap.com we have different exchanges that are providing trading services for Hive. I couldn't find Simplex and probably rightly so because we have just heard the news about Hive being listed on Simplex. But yeah probably we may sooner be seeing Simplex being added to Hive markets on coinmarketcap.com.

This could probably be really big for Hive blockchain and we may see a good number of new users signing up on Hive, buying Hive easily through Simplex.

Tighten your belts guys :)

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9 comments

@poshtoken 83

almost 3 years ago

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@xplosive 72

almost 3 years ago

But as the crypto community grow, we might see more and more organizations providing the services of transactions between Fiat and Cryptos.

Hopefully there will be more exchanges, which supports the fiat currency of my country (Hungary). As I currently know, currently only Coinbase is supporting the Hungarian Forint (HUF).

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@eddiesun 62

almost 3 years ago

Yeah hope so...

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@india-leo 58

almost 3 years ago

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@hivebuzz 74

almost 3 years ago

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@jfang003 75

almost 3 years ago

It does make buying HIVE easier and I think HBD could also be listed. However I don't think they will add it if there are too many stable coins available on their exchange. The 12% is nice but I don't think there are too many people who trust it as much.

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