The purchase feature uses Simplex as a payment processor and was developed in cooperation with Japan’s O3 Labs, whose own Simplex integration was covered by NEO News Today in May, 2019.
Switcheo announced that its feature is intended to “support users who are new to the ecosystem,” as the feature gives them streamlined access to cryptocurrencies and Switcheo Exchange without needing to perform transfers of fiat or cryptocurrencies. However, fees for NEO and ETH purchases through the service at press time exceeded 10 percent.
Switcheo Exchange’s full announcement of its credit card integration can be found at the following link:https://medium.com/switcheo/buy-eth-neo-with-your-credit-card-on-switcheo-526c1eefb5cd
Article comments