MyEtherWallet, one of the most popular wallet solutions for Ethereum-based cryptocurrencies, enables buying cryptocurrencies with a credit card in their newest feature.
One of the most popular wallet solutions for Ethereum-based cryptocurrencies, MyEtherWallet, added a new 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 straightforward credit card support integration, to make this new feature works.
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As reported by Nulltx, Simplex, which is known for their AI-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 transactions. 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.
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