COTI is pleased to announce that we have partnered with Simplex, a fintech and cyber security company that aims to introduce merchants to a world without fraud

Simplex is an EU-licensed financial institution that enables users to buy crypto from exchanges using their credit cards in a fraud-free environment. Simplex processes credit card payments with a 100% guarantee; in case of a fraud chargeback, the merchant gets paid by Simplex. Simplex’s cutting-edge fraud prevention solution and AI technology blocks fraudulent users and allows legitimate users to complete payments with ease. This increases conversion rates and enables merchants to focus on their business growth.

As part of the partnership, Simplex is also considering adding COTI to its limited lineup of supported currencies that include BTC, ETH, and 5 others.

Binance and KuCoin, two top cryptocurrency exchanges, have already partnered with Simplex to process crypto purchases using credit cards. Creating such fiat gateways on crypto exchanges is what is needed to increase digital currency adoption and introduce crypto to more users.

Simplex will assist with COTI’s efforts of offering a holistic solution that empowers enterprises to build their own payment networks by providing users with a simple way to convert fiat to crypto. Through this integration, users will be able to purchase crypto using credit cards through a secure checkout page.

“Easy and fast credit card payments for mainstream users is a key factor in wider adoption of crypto in general. We’re thrilled to partner up with COTI and together enable a much better, fast and easy payment experience,” said Nimrod Lehavi, co-founder and CEO of Simplex.

Nimrod Lehavi, CEO of Simplex

COTI CEO Shahaf Bar-Geffen commented:

“COTI’s Trustchain provides all the necessary features required for a perfect payment system. Scalability, simplicity, buyer-seller protections, cost effectiveness, price stability, instantaneity, and security all take center stage in our solution. Adding Simplex’ solution will significantly enhance Trustchain”.

COTI CEO Shahaf Bar-Geffen

To find out more, you can visit COTI and Simplex.