The cryptocurrency wallet of major cryptocurrency substitution Huobi now allows users to buy cryptocurrencies with credit and debit cards.

Until now, Huobi Wallet simply allowed its users to exchange between different crypto assets and access to decentralized lending, while lacking a fiat onramp. Huobi Wallet CEO Volition Huang said that at present the applications provides for most of the bones needs of simple crypto users:

"[The app] has get a i-end app for users to buy, store, swap and transfer crypto on the become, while retaining consummate control of their assets."

Huobi Wallet is purportedly one of the largest applications of its kind in the Asia Pacific region. The app supports over 18 cryptocurrencies and multiple tokens and reportedly has over one-half a million users in 200 countries.

Huobi and Simplex did not reply Cointelegraph's inquiry past press time.

Simplex: a major payment processor in the crypto market

Simplex is a popular payment processing partner amid major cryptocurrency firms. Equally Cointelegraph reported at the finish of April, the firm recently started powering the fiat onramp of Bitmain-affiliated financial service platform Matrixport.

Before this year, crypto lending service Celsius also integrated the fiat onramp developed past Simplex into its platform. Furthermore, Huobi competitor and major crypto substitution Binance started using Simplex to allow its users to purchase cryptocurrency on the platform with xv more than fiat currencies in February.