CoverCompared Integrates with Simplex

2 min readApr 15, 2022

We are happy to welcome Simplex to our partner ecosystem. Our new partner is a level 1 service provider empowering the crypto industry with a fiat-to-crypto onramp infrastructure. Simplex bridges the gap between crypto and traditional finance by allowing users to convert their crypto to fiat and vice versa almost instantly.

CoverCompared aims to simplify the steps in DeFi insurance for users’ convenience. Through our partnership with Simplex, our users will be able to easily purchase $CVR using their credit and debit cards.

CoverCompared x Simplex

Cryptocurrencies are becoming increasingly mainstream with more platforms and users start adopting crypto tokens as a means of payment. Despite its growing mainstream appeal, the crypto space has a long way to go before challenging fiat currencies’ prevalence.

Converting crypto into fiat and fiat into crypto has always been a hassle for users. Simplex is the largest provider of secure fiat-to-crypto infrastructure, enabling users to transfer their funds from debit and credit cards into crypto nearly instantly.

With this partnership, it will now be possible to buy our main utility token $CVR with a credit or debit card from anywhere in the world. CoverCompared is one step closer to mainstream adoption thanks to the partnership with the team that is pioneering the first risk-free global fiat onramp using a credit and debit card.

Additionally, Simplex’s advanced AI technology will offer fraud protection and chargeback coverage to secure all transactions of $CVR on Simplex.

Simplex users will also benefit from our partnership as they will be given a discount code: SIMP, granting them a 10% discount on insurance policy purchases from CoverCompared’s marketplace.

The first-ever DeFi platform to offer gasless insurance policies, we are more than delighted to help Simplex users stay protected against smart contract-related risks. Our insurance offerings include health, life, travel, and electronic insurance alongside DeFi insurance.

About Simplex

Simplex is an EU-licensed financial institution aiming to change the status quo of the current crypto markets by providing simple and seamless channels to convert over 50+ fiat currencies to 90+ cryptocurrencies. Simplex empowers its vast network of partners to accept the widest range of payment methods, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, and more!

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About CoverCompared

CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.

Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.

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The First DeFi Insurance marketplace for the global crypto ecosystem