Author: Kella Pacquiao, Philippines
Payment processing platform, Simplex, announces that they are now offering initial-coin-offerings or ICOs to their services. The tech startup will commence its crypto offerings to the companies they already have contact with.
Since Simplex was founded by Nimrod Lehavi in 2014, the firm is reported to have almost $10 million.
Lehavi was inspired to make it because of his experience with bitcoin. He was living humbly in a small town in central Israel when he started to use bitcoin. But couldn’t do so because of the payment system can’t verify his address.
Taking the leap in the crypto ecosystem
Simplex simply knows that there is still room for improvement. The company is aware that there is a high risk working in the crypto industry.
Due to that, the tech firm will support ICOs for companies that are already has a good grasp of it.