Crypto trading platform OKCoin now enables the users to deposit in USD via debit and credit cards. To work on the new feature the firm has joined hands with payment solution provider Simplex. The latter will offer the OKCoin users based out of Europe, US, China to make USD deposits. Later this support will extend to various other countries.

Simplex will be making use of efficient Artificial Intelligence and detection algorithms to analyze all the transactions. Secure payment is one of the primary aims of the firm. So, effective analysis of transactions will help them to curb the risk of credit card frauds. Now, with the implementation of the new feature a user has to make a minimum deposit of $50 on OKCoin. Simplex will charge a 5% processing fee for each transaction.

The CEO of Simplex, Nimrod Lehavi says that credit-cards will play an important role in the gradual adoption of cryptocurrencies in the public domain.