You Can Now Buy Hedera Hashgraph’s HBAR Token via Simplex

Users can buy and sell cryptocurrency with a debit or credit card through global payment processor Simplex’s fiat gateway solution.

Jul 27, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 9:36 a.m. UTC

Distributed public ledger Hedera Hashgraph’s native cryptocurrency HBAR is now available for purchase through Israel-based global fiat payment processor Simplex, the companies announced Monday. 

  • In a statement, Simplex said the integration will enable users to buy and sell hbar with a credit or debit card using its global platform. 
  • Simplex is an European Union-licensed financial institution that provides global fiat infrastructure to enable secure credit card processing for the crypto industry. It already supports a host of cryptocurrencies on its platform including bitcoin (BTC), ether (ETH), bitcoin cash (BCH), XRP and litecoin (LTC). 
  • Hedera Hashgraph launched its network in September and has since processed over 200 million transactions worldwide, the companies said.
  • Hedera had a shaky start; the hbar token crashed a month following its launch, and the company had to withhold tokens from investors in an effort to stabilize price.  
  • Hbar spiked earlier this year when Google announced it will be joining Hedera’s governing council, which includes other high-profile multinational firms including Boeing, Avery Dennison, IBM and Tata Communications. 
  • Earlier this year, Binance integrated Simplex into its platform to expand the range of fiat currencies users can use to purchase crypto. 
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
What Davos Man Thinks of Bitcoin and Crypto This Year

The annual WEF conference has begun, albeit late and in a more subdued fashion.

The annual WEF conference has begun, albeit late and in a more subdued fashion.

CoinDesk - Unknown
2
CoinDesk - Unknown
Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed

BTC declined by 2% over the past 24 hours, while Fantom's FTM token rallied by as much as 16%.

BTC declined by 2% over the past 24 hours, while Fantom's FTM token rallied by as much as 16%.

CoinDesk - Unknown
3
CoinDesk - Unknown
Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

The OECD is trying to introduce new rules to stop crypto from being used to stash assets out of sight of the taxman.

The OECD is trying to introduce new rules to stop crypto from being used to stash assets out of sight of the taxman.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitcoin mantiene el soporte en $27K-30K, con resistencia en $35K

Es probable que exista un breve rebote hacia una zona de alivio, similar a lo que ocurrió a finales de febrero y finales de marzo.

Es probable que exista un breve rebote hacia una zona de alivio, similar a lo que ocurrió a finales de febrero y finales de marzo.

CoinDesk - Unknown