JPEX is building an ecosystem for its digital currency offerings, one that will only be complemented by the cards it is launching with Simplex by Nuvei and Visa.
JPEX, an Australian cryptocurrency platform with a presence in the Asian markets has partnered with Simplex by Nuvei to launch a crypto-friendly debit card to bolster the transition between traditional finance and cryptocurrencies. The proposed debit cards are now available for pre-order and they will be delivered by the fourth quarter of this year.
The cards are powered by Visa and were born out of the functional partnership that was struck by the duo of JPEX and Simplex by Nuvei at the beginning of this year. With JPEX being a prominent exchange in the digital currency ecosystem, attempts are being made to promote the use of crypto by users in the mainstream traditional finance sector.
Through the new debit cards, users can buy as many as 200 cryptocurrencies directly on the platform using 100 fiat currencies. The new card launch was introduced to lower the entry barriers for investors who are looking for new ways to engage with the digital currency ecosystem.
The wide coverage of the JPEX Visa cards as a global payment tool will further give more utility to the JPEX cards when they are delivered to their owners. Since users will be able to use the cards for purchases at millions of merchant locations in the Asia-Pacific region and around the world, the true value attached to these nascent asset classes can now be enjoyed by all.
JPEX Card: Utility Beyond Payments
JPEX is building an ecosystem for its digital currency offerings, one that will only be complemented by the cards it is launching with Simplex by Nuvei and Visa.
The company occupies a very pivotal position in the APAC region and is being credited as one of the first trading platforms to offer innovative hedging products. One of these products is the JPEX NFT asset-based index contract that was launched in conjunction with RedHare. The product is designed to promote investments in digital collectibles, while not predisposing holders to the inherent risk of blue-chip Non-Fungible Token (NFT) asset fluctuations.
While primarily a crypto brand, JPEX is pivoting into on-and-off-ramp features and has continued to build its capabilities in this regard.
The company is pushing forth new milestones with its branding and has inked a number of functional partnerships with sports teams in Australia. The startup is currently the sponsor of Macarthur FC, Western Sydney Wanderers, and Western United. With sizeable budgeting dedicated to its branding, JPEX has some of the largest ad billboards in the Asian-Pacific region, especially in Australia, Taiwan, Malaysia, and Hong Kong.
The momentum JPEX started with when it came into the crypto scene following the 2020 Bitcoin Halving cycle has not been diminished. The trading firm is charting its historic growth with the right licenses from key jurisdictions where it is plying its trade.
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