Ethos Announces Simplex Agreement – Accelerating Phase I of Fiat Gateway

Ethos is pleased to announce an integration with Simplex, a global instant fiat purchase service enabling bitcoin and altcoin purchases with credit and debit cards. This integration will mean that Ethos customers will soon have access to liquidity and exchange services between fiat and cryptocurrencies on an international scale.

Ethos aims to create a financial ecosystem that is open, safe and fair for everyone by harnessing the power and autonomy that cryptocurrencies provide. The Ethos Universal Wallet provides a secure, self-custodied mobile wallet where the user is in control of funds at all times. Ethos Universal Wallet gives users the power to store, track, send and receive more than 100 tokens.

Read More: Interview with David Sikora, Chief Executive Officer at ALTR

This agreement allows Ethos to accelerate the first phase of the fiat gateway and provide Ethos customers with a safe and seamless method for converting between fiat and cryptocurrency. Paired with the Shapeshift integration, users will be able to gain access to dozens of cryptocurrencies and tokens using fiat.

Read More: Insurtech: the new AI disruption is hitting insurance

“Ethos is excited to offer a wealth of dynamic capabilities to consumers,” says Ethos founder and CEO Shingo Lavine. “The Universal Wallet will become the most accessible way for people to safely interact with cryptocurrencies using innovative services such as Simplex.”

“As Ethos expands its service offering, Simplex is proud to play a fundamental role in offering seamless, easy conversion between fiat and cryptocurrencies while ensuring transactions are completely fraud-free,” says Nimrod Lehavi, CEO and co-founder of Simplex. “We are able to achieve this thanks to our advanced machine learning AI algorithms and broad accumulated experience as security experts.”

Read More: Interview with Akemi Tsunagawa, Founder and CEO, Bespoke Inc