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Opera Browser collaborates with Simplex for fiat to crypto on-Ramp

Opera Browser collaborates with Simplex for fiat to crypto on-Ramp

Opera, a famous web browser, has collaborated with fiat-to-crypto on-ramp solution provider Simplex. Through the association, Opera users will be capable of buying cryptocurrencies employing fiat options and save them in the browser’s wallet. Established in 2014, Simplex is a European Union-licensed fintech company that offers approximately 50 cryptocurrencies and is a prominent Visa network member.

The collaboration occurs when millions of new users are looking for opportunities in the developing crypto market. In December 2018, Opera became the first browser to roll out dApp explorer, Web abilities, and native crypto wallets. The Opera browser combined cryptocurrency application into its core functions, providing in-built wallets for Bitcoin, Ether, and Tronix. Presently, users will be capable of moving from fiat to crypto with the same comfort. 

Opera is the fifth most used browser

Various well-known crypto exchanges like Binance, Kucoin, OKEx, use Simplex’s technological infrastructure. After its launch, the firm has collaborated with over 350 crypto institutions, providing access to cryptocurrencies through debit and credit card buying. Moreover, the Opera browser focuses on privacy as it comes with a free built-in VPN. In 2020, it was the first browser to provide access to the decentralized web “crypto” URLs, combined with Unstoppable Domains. Recently, Opera is the fifth-most-used browser globally, storing approximately 2.5% of the market share behind Chrome, Safari, Firefox, and Microsoft Edge.

Besides, a popular browser Brave also intends to introduce a fiat-to-crypto-ramp as well as native wallet support. The ability to acquire crypto in the browser may eliminate the requirement to sign up for exchanges and improve handling personal wallets. Brave intends to attach a new native Ethereum wallet to substitute its built-in cryptocurrency wallet. Moreover, the wallet will include Brave’s BAT tokens issued to users as a bonus for seeing advertisements. Furthermore, Brave also intends to launch a decentralized exchange (DEX), enabling users to swap tokens from the browser.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.