Opera Adds In-Browser Crypto Options With Simplex Integration

Integrating a crypto on-ramp lets users pay fiat for crypto.

AccessTimeIconFeb 24, 2021 at 1:50 p.m. UTC
Updated Aug 19, 2021 at 7:27 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Opera, an online browser that claims to prioritize user privacy, has partnered with crypto-to-fiat onramp provider and payment processor Simplex to offer a crypto onramp for users of the browser. 

A crypto on-ramp is basically an exchange or similar service that lets users pay fiat for crypto and is an important first step for newer crypto users. The move comes as bitcoin and cryptocurrencies generally have seen large financial institutions get involved and exponential price increases in 2021. 

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The result of the integration is that users will be able to buy and sell a range of cryptocurrencies quickly within the Opera browser. 

    The biggest takeaway for current Opera and Simplex users is that it makes on-ramping more accessible, according to Rachel Siegman, head of marketing at Simplex.  

    “Current Opera users can on-ramp using their debit or credit card with Simplex and Simplex users can now use the secure and instant payments on Opera,” she said in an email. 

    Opera browser

    Initially released in 1995, Opera is one of the oldest continuously developed browsers in the world today and features a built-in VPN and ad blocker. 

    In 2018, it launched Web 3.0 support, a decentralized application (dapp) explorer and its native crypto wallet in Opera for Android, making it one of the first Web 3.0- and blockchain-ready browsers. Opera’s wallet currently supports ETH, BTC and tron. Simplex will make it easier to buy major coins such as BTC and ETH. Now users can go into the Opera browser app, select what crypto they want and choose "buy," selecting Simplex, according to Siegman. 

    Opera currently has over 380 million users worldwide. 

    Simplex

    Launched in 2014, Israel-based payments processor Simplex became a principal member of the Visa network in December, meaning the company has permission to issue Visa debit cards, giving its consumers access to digital currencies daily.

    “We’re excited to work with leading fintechs like Simplex [that] are helping to enable simple, secure and compliant conversions between crypto and fiat and the ability to spend these funds at Visa’s network of more than 60 million merchants,” said Cuy Sheffield, senior director and head of cryptocurrency at Visa at the time. 

    Last month, licensed by the European Union, Simplex also launched Simplex Banking, which works with its partner network “to enable users to buy crypto with a range of local and global payment methods and convert it back into fiat in a bank account,” according to a statement on the release. 

    “It’s completely secure, and using Simplex's fraud-free network helps all users, throughout the world, enjoy the market dips immediately,” said Siegman of the Opera browser partnership. 

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.