Bitcoin
$64,169.37+2.77%
Ethereum
$3,065.70+2.01%
Binance Coin
$561.01+2.72%
Solana
$144.82+3.85%
XRP
$0.51193452+4.57%
Dogecoin
$0.15673108+5.37%
Toncoin
$6.10-10.56%
Cardano
$0.48209388+7.89%
Shiba Inu
$0.00002322+5.08%
Avalanche
$35.71+4.67%
Wrapped Bitcoin
$64,370.22+4.64%
Tron
$0.10984788+1.81%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
14
HR
51
MIN
26
SEC
Markets

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.

By Sandali Handagama
AccessTimeIconJul 27, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 9:36 a.m. UTC
Hedera Hashgraph (CoinDesk archives)
Hedera Hashgraph (CoinDesk archives)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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. 

Also read: Australian Payment Card Company to Trial Micropayments Using Hedera Hashgraph

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.