Decentralised exchange KyberSwap built on the Ethereum blockchain has teamed up with Coindirect to introduce a new on-ramp. With this partnership, KyberSwap stands as one of the first decentralized platforms to launch a fiat-to-crypto gateway.
KyberSwap’s platform previously provided support of Ethereum ERC20 tokens. However, this new integration allows users to purchase Ether directly from KyberSwap’s web and mobile apps using a credit card. From there, customers can trade more than 70 digital assets.
The new gateway allows users from over 100 countries to purchase digital assets using their local currency. Moreover, KyberSwap’s platform also presents a seamless user experience, with decentralized token swaps, price charts, price alerts, non-custodial limit orders, and tracking of different assets on a watchlist.
Coindirect, backed by Concentric, MakerDAO and Blockchain.com, offers support for VISA, as well as MasterCard credit and debit cards. The London-headquartered platform also supports Mobile Money and other payment solutions for countries within emerging markets. Coindirect also boasts one of the lowest fees in the industry while offering support to the world-wide market.
Regarding the new partnership, Sunny Jain, KyberSwap’s Head of Product stated:
“The Kyber team met many people during recent Ethereum events who were keen to join the blockchain ecosystem but weren’t sure where to begin. We realized that a lot of people who have never held digital assets find the current process extremely complex. This inspired our partnership with Coindirect to build a simple and secure fiat-to-crypto gateway, helping to increase crypto adoption worldwide.”
Jesse Hemson-Struthers, CEO and founder of Coindirect commented:
“We are excited to work with Kyber Network to introduce one of the first fiat-to-crypto gateways for the decentralized finance ecosystem. Together, we hope to make it simpler for people to purchase their first digital asset and equalize people’s access to the global financial markets.”
For more information, please visit Coindirect Business.