MyEtherWallet, one of the most popular wallet solution for Ethereum-based
cryptocurrencies, enables buying cryptocurrencies with a credit card in
their newest feature.
One of the most popular wallet solution for Ethereum-based
cryptocurrencies, MyEtherWallet, added anew feature that enables a new
payment option for purchasing cryptocurrencies. The new feature makes it
possible for MyEtherWallet's users to purchase cryptocurrencies using
their credit cards.
Despite the ATTACKS the company experienced a while ago, MyEtherWallet
always strives to improve their services by making it more convenient
for their users. The company partners with simplex, with their straight-
forward credit card support integration, to make this new feature works.
As reported by NULLTX. Simplex, which is known for their Al-backed
anti-fraud techniques, said that they will be the one who deals if any
shady attempts to buy crypto occur on MyEtherWallet platform.
To use the new feature, users need to make sure that the Banks issuing
their credit cards allow such transctions. This is crucial since many
banks across the world have disabled this function and refused to
process this type of payment. users will also need to go through the
verification process required by MyEtherWallet beforehand.