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The crypto trading/investment management platform is also considering the possibility of a merger with a special purpose acquisition company.

The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Nathan DiCamillo’s profile of Jesse Powell, one of CoinDesk’s Most Influential People in 2020.

Andrew Keys has 16 reasons why crypto will take center stage economically, politically and socially in 2021.

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The CME has become the largest bitcoin futures exchange by open interest amid institutional onboarding.

Okung’s $13 million salary is being split fifty-fifty between bitcoin and fiat by way of Zap’s Strike product.

Israel-based global fiat payment processor Simplex announced Tuesday it has become a principal member of the Visa network.

Simplex, an Israel-based company that provides fiat onramp services to crypto firms, has become a principal member of Visa in Europe.

The membership allows Simplex to issue Visa debit cards to its customers that include popular crypto exchanges and wallets. Simplex is a business-to-business (B2B) firm, meaning it caters to other companies.

Simplex CEO Nimrod Lehavi told The Block that the firm worked with Visa for a few months, and the principal membership will help it grow the adoption of crypto further. “Our partners can enable their users to make purchases anywhere Visa is accepted,” said Lehavi.

The membership comes less than a month after Simplex launched its new banking service, enabling crypto firms to offer local and global payment methods to their users. Lehavi said offering Visa cards was a “clear next step to help our partners grow enablement to their users.”

Last week, crypto card issuer Wirex also received principal membership of Visa in Europe. Lehavi said the key difference between the two is that Simplex’s membership is focused on “wider ecosystem enablement, i.e., granting accessibility throughout our partner network — enabling them to offer branded cards to their users.”

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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