Celsius Network is expanding its collaboration with fiat-to-crypto payment service provider Simplex, enabling its users to purchase more crypto products using credit and debit cards.
Celsius, which is one of the main providers of crypto loans, now allows its users to buy Tether Gold (XAUT) stable gold coins using debit and credit cards. Announcing the message on May 28th, Celsius said that the minimum purchase amount for XAUT is $50, while the annual interest rate is 4%.
In addition to Tether Gold, the new integration with Simplex also unlocks credit and debit card purchases for Celsius' corporate token (CEL). According to the company, Celsius users can earn interest at the CEL on 25 different virtual cryptovalutes up to 30%.
The new feature comes soon after Celsius first listed the Tether Gold in his mobile application. On May 5th Celsius introduced XAUT to Celsius application, so users can earn 3% of the annual percentage profit. Apparently Celsius is one of the few global companies that offers interest on Tether Gold deposits by purchasing credit and debit cards.
Tether Gold and CEL are not the only cryptoi that can be bought with credit and debit cards in Celsius network. In February 2020, Celsius launched cryptographic shopping in an application through partnership with Simplex, unlocking Bitcoin (BTC) and Ether (ETH) with credit or debit cards. Like other Simplex integrations with major crypto companies such as Binance and Huobi, this feature supports credit card issuers, including Visa and MasterCard.
