MyEtherWallet Allow Users to Purchase Crypto Using Credit Cards
MyEtherWallet, one of the most popular wallet solutions for Ethereum-based cryptocurrencies, has added a new feature which allows users to purchase cryptocurrencies using their credit cards.
The company is partnering with payments firm Simplex to enable the new feature. As reported by Nulltx, Simplex, which is known for their AI-backed anti-fraud techniques, has promised a 100% fraud protection guarantee for all users.
Existing users of MyEtherWallet will be able to instantly buy Ethereum with their credit card. However, one’s bank would have to allow them to purchase crypto with their payment cards, as several banks have already disabled such functionality.
MEW users will also need to go through a one-time verification process in other to use the new feature.