HedgeTrade Partners with Simplex, Allows Purchase of HEDG with Credit Cards
Simplex makes it easier than ever to buy and hold HEDG tokens with credit-to-crypto transactions.
LAS VEGAS, July 21, 2020 (Newswire.com) - HedgeTrade, a world leader in crypto social trading, announced their partnership with Simplex, the industry leader in processing online and credit card-to-crypto payments. By integrating Simplex's credit card processing solution, HedgeTrade users can buy HEDG tokens in a simple and secure manner, similar to the familiar e-commerce experience.
"HedgeTrade is a place for experienced traders and novices to the crypto world to share ideas and make market predictions. Simplex is a great partner for our users because it allows them to buy HEDG tokens in a familiar way by using credit cards and ultimately lowers barriers to adoption," David Waslen, CEO & Co-Founder of HedgeTrade said. "Virtual currencies have held strong while the global economy has struggled and partners like Simplex make it easier than ever for the crypto curious user to get on our platform and start sharing and purchasing prediction Blueprints, using tokens they can purchase with ease online."
HedgeTrade initiated its Beta in December 2019 and fully launched the platform in June 2020. Thousands of people registered and have been actively using the platform, forming a dynamic community of trading experts and novices posting and purchasing prediction "Blueprints" - with earning potential from all sides.
Simplex is a licensed financial institution providing an online fraud-free payment processing solution. They enable merchants worldwide to accept diverse payment methods, including credit card deposits and purchases.
"Simplex is dedicated to providing fast and secure credit card payments as a key step to mass crypto adoption. We are excited to partner up with HedgeTrade to reach a new audience of crypto users and make it easy for them to get involved and learn about crypto trading," Nimrod Lehavi, co-founder and chief executive of Simplex, said.
HedgeTrade is a user-friendly, engaging open market for trading insights that aligns the goals of expert and amateur users. It allows experienced traders to earn HEDG tokens by publishing and selling prediction Blueprints and staking HEDG to back up their forecasts. They can then build a reputation based on a unique ranking system that measures the quality of their predictions. Novice users benefit by purchasing or unlocking the Blueprints -- which are trading predictions with specific entry and exit points -- that can be used to make their own cryptocurrency trades. If the prediction proves correct, the trader who created it gets their stake back and earns the proceeds from the purchasers. Otherwise, the Blueprint buyers will be refunded their tokens, with the first group of buyers earning a share of the lost stake as well.
The HedgeTrade ecosystem is fueled by HEDG, an ERC-20 token built on the Ethereum Blockchain. HEDG tokens (currently Top 30 on CoinMarketCap) are earned by posting accurate trading predictions and also through the platform's Affiliate Program, which rewards content publishers and market experts for sending users to register for the platform. Users may withdraw their HEDG tokens at any time and send them to a supported exchange to sell or trade into another digital currency. Bitcoin is also accepted at HedgeTrade as payment for publishing or purchasing prediction Blueprints.
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To purchase HEDG through Simplex, download the app or visit https://buy.hedgetrade.com.
About Simplex
Founded in 2014, Simplex is a go-to name in the crypto industry for providing purchasing services using credit and debit cards.
Simplex is an EU-licensed fintech company that provides worldwide fraud-free payment processing. Simplex's technology enables merchants, marketplaces, and crypto platforms to process online payments with complete fraud protection and chargeback coverage.
For more insights on the crypto space follow Simplex on Twitter and visit https://www.simplex.com.
About HedgeTrade Pte. Ltd.
HedgeTrade is a social trading platform creating a win-win for traders by rewarding those who submit accurate predictions and ensuring users have access to high-quality data to execute their own successful trades, while only paying when the prediction is correct. https://hedgetrade.com
HedgeTrade is brought to you by Rublix Development, a software development company that is building blockchain-powered tools to fuel the next generation of FinTech projects. https://rublix.com
Source: HedgeTrade