Binance's Partner Allows Users to Buy Crypto with Credit Card in JPY and CAD

Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies - the Japanese yen and the Canadian dollar.

Users at some of Simplex's partner exchanges such as Binance will be able to buy crypto via credit cards using JPY and CAD, industry publication The Block reports Dec. 9.Not all Simplex's partner exchanges will be supporting JPY and CAD by defaultCointelegraph contacted both Simplex and Binance in order to confirm the news.

Simplex's spokesperson confirmed the report, noting that the company's partners are now able to allow their users to buy crypto using CAD or JPY on their credit card.

In conjunction with new currencies' addition, Simplex has also announced a new partnership with major cryptocurrency exchange OKEx.

According to a tweet from Dec. 9, Simplex has partnered with OKEx to allow its users to buy Bitcoin, Ether, XRP, Bitcoin Cash and Litecoin via debit and credit cards.

The new feature is available on OKEx's official website.

Simplex plans to add Russian ruble and Turkish lira soon.

As previously reported, Simplex is a European Union-licensed financial institution and payments processing provider.

According to the report, Simplex supported three fiat currencies before adding CAD and JPY: the U.S. dollar, euro and the British pound.

Binance partnered with Simplex to unlock credit card crypto purchases in January 2019.