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You are at:Home » EQIFi Integrates Simplex To Make Crypto, DeFi Easily Accessible
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EQIFi Integrates Simplex To Make Crypto, DeFi Easily Accessible

The collaboration will facilitate purchase and on-ramping for EQX, EQIFi’s native utility token.
Ravi KumarBy Ravi KumarJuly 13, 2022No Comments2 Mins Read
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EQIFi Integrates Simplex To Make Crypto, DeFi Easily Accessible
EQIFi Integrates Simplex To Make Crypto, DeFi Easily Accessible
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EQIFi, a leading regulated global DeFi services platform backed by EQIBank, has integrated with Simplex by Nuvei, a leading fiat-to-crypto gateway provider, aimed to help users get easy access to crypto and DeFi.

From now on, users can simply use their credit cards or Apple Pay accounts to acquire EQX, EQIFi’s native utility token. The collaboration will open a door for novice crypto investors, making it much easier for them to jump into the DeFi world with on-ramp safe transactions.

In addition, users will have better access to EQIFi’s regulated DeFi services and widen the array of services available. With its robust compliance measures and insurance of up to €300 million on its Ledger Vault self-managed custody platform, EQIFi offers customers a secure, regulated, and effective gateway into multi-chain DeFi.

Bulent Brad Yasar, Founder and CEO at EQIFi, said:

“It is critical for our users to be able to access the platform as simply and safely as possible and we’re happy to include Simplex’s reliable and proven service for this.”

EQIFi is the only decentralized platform supported by a major digital bank. The full suite of DeFi products available on EQIFi has made the platform very popular with crypto users. The platform now enables crypto users to make P2P transactions, take loans with fixed or variable rates, earn interest on deposited assets and grow their wallets with the yield aggregator, all while having full custody through the support of Ledger Vaults, the leading secure custody hardware provider.

The EQX tokens improve the overall experience of using the app, enabling EQIFi users to gain staking rewards, low cost loans, discounts on fees, a 10% increase in APY, higher LTVs for larger loans and priority access to EQIBank Accounts.

Read Also: Nuvei Acquiring Crypto Startup Simplex For $250M

Cryptocurrency Decentralized Finance (DeFi) EQIBank EQIFi EQX Nuvei Simplex
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Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

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