While Bitcoin and other digital assets have gained massive popularity over the past few years, the crypto industry has still not attained mainstream adoption. One of the biggest contributing factors is that cryptocurrencies still lack global acceptance as a mode of payment.
One way to spur this adoption is by lowering entry barriers to crypto and making the industry more appealing to investors in the traditional financial space. Several crypto businesses are making great efforts to push digital assets into the mainstream. One good example is JPEX. The company has launched a new product that helps users easily spend their crypto while receiving cashback rewards for their spending.
JPEX is a global crypto asset trading company founded in 2020 to service users in different countries worldwide. The firm aims to provide its customers with a safe and reliable global digital asset trading platform, offering them an environment where they can safely and conveniently trade and spend their cryptocurrencies.
JPEX provides top trading products and services such futures contracts, spot trading, and non-fungible tokens (NFTs). The platform also has contracts and copy trading modes that allow crypto investors to choose from a wide selection of offerings.
Over the past two years, the firm’s global contract transactions have thrived, attracting millions of users. It currently has a global asset scale of more than $2 billion.
The JPEX team comprises technology professionals with a wealth of experience working with several high-profile companies. The team is committed to creating a reliable and secure asset trading platform.
Features of The JPEX Platform
Security and Licensing
JPEX understands the importance of users’ security, especially with the rising rate of exploits within the crypto market. Hence, the platform has implemented several safety measures to protect users’ assets.
JPEX has sought and received licensing from some global financial regulators to give users peace of mind. The platform has obtained a Canadian MSB Fintrac license, an MSB license issued by the U.S. FinCEN, and a business license from the Australian regulator ASIC.
JPEX offers customers a wide array of digital assets to choose from, enabling users to manage their investment portfolios on a single platform. The firm also provides derivatives and NFT trading options, allowing users from all experience levels to take an active part in the market under one roof.
The platform provides users with multiple passive income opportunities. JPEX allows customers to earn yield from their crypto holdings via its Earn feature. Users can choose between savings, DeFi, and liquidity options.
Diverse Deposit Methods
JPEX supports several deposit options, allowing customers to choose which method suits them. Users can send crypto assets from other crypto wallets to their JPEX accounts or deposit fiat via debit cards to make crypto purchases. These diverse deposit methods allow new crypto users to adapt to the platform.
JPEX Launches Debit Card With Simplex by Nuvei
JPEX has a reputation for collaborating with several global brands and companies. Earlier this year, the platform entered into a strategic partnership with EU-based fintech firm Simplex by Nuvei as part of its efforts to drive the mainstream adoption of digital assets.
Simplex by Nuvei is an EU-licensed financial institution that helps bridge the gap between fiat and crypto. The platform provides online crypto merchants with fraud-free payment processing.
Following its collaboration with Simplex by Nuvei, JPEX has now rolled out its crypto-friendly debit card, the JPEX VISA Card. The product will create a crypto portal solution, allowing users to purchase crypto using debit and credit cards, further lowering the barrier for traditional investors to venture into the crypto market.
The JPEX VISA Card pre-order is currently available, with distribution scheduled to follow in Q4 2022. Notably, the pre-order is not open to everyone at the moment. Only users from the EEA and the UK can apply for the cards. The card will allow users to enjoy savings at over 800 locations.
The cards will have three series; green, white, and black. The series would have different cashback bonuses of 3%, 5%, and 9.5%, respectively. Eligible users can pre-order the card on the JPEX official website.