Simplex Partners with Linen Wallet to Provide Instant User Onboarding to DeFi and the Broader Crypto Economy

Simplex, the largest fiat infrastructure for digital currencies globally, and Linen, the self-custody crypto wallet, are joining forces to allow the Linen community to instantly acquire Ether, stablecoins, and other crypto assets using cards as a payment method.

Simplex is the provider underpinning many fiat onramps on leading exchanges such as Binance, Huobi, and BitPay.

Linen is the non-custodial multisig crypto wallet with a bold mission — empowering crypto users globally to make no compromises between security, decentralization, and ease of use.

Linen is one of the most popular startups in the crypto space right now. Backed by leading VCs Coinbase Ventures, Polychain Capital, and others, Linen also allows its users to invest in the company via its Reg CF campaign on Republic. The campaign has already racked up $4.1 million from over 4,600 investors worldwide.

“We’re delighted about this new partnership with Linen, which will give millions of users worldwide a simple and secure way to instantly purchase Ether, stablecoins, and other top crypto assets,” said Ari Last, VP of Business Development at Simplex.

“Until now, almost every crypto enthusiast has had to choose between using a self-custody wallet with the fear of losing their private keys and using a hosted wallet that stores their private keys, thus losing control over their assets. Linen is changing that by providing a multisig wallet setup traditionally used by businesses and investment funds. Using advanced wallet backup and recovery features and a UX geared toward those who are less DeFi-savvy, crypto users can now get the most out of their crypto wallet without any fear of losing their private keys. This integration with Simplex, together with the upcoming implementation of the Polygon Network, an Ethereum scalability solution, adds much needed convenience to users of Linen,” said Vitaly Bahachuk, CEO and co-founder of Linen.

About Simplex

Simplex, a Nuvei company, is the fiat/crypto infrastructure for the entire world. Powerful, seamless, and impactful, Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, we pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. Simplex Banking offers Simplex fraudless payment processing, with global payment accessibility. Working alongside the biggest names in the crypto ecosystem, including Binance, Huobi, and Bitpay, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution and a Principal Member of the Visa network, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020. Keep up with the latest Simplex news by following us on Twitter or visiting simplex.com.

About Linen

Linen is the self-custody DeFi crypto wallet with a bold mission — empowering crypto users globally to make no compromises between security, decentralization, and ease of use. Linen is one of the most popular startups in the crypto space right now. Backed by leading VCs Coinbase Ventures, Polychain Capital, and others, its Reg CF campaign Republic has already racked up $4.1 million from over 4,600 investors worldwide.