MyEtherWalletnow  supports buying crypto for fiat; ETH shows little reaction

• MyEtherWallet  adds the option to buy crypto for fiat.
• ETH/USD is under pressure, close to critical support.

MyEtherWallet, one of the most popular cryptocurrency wallets for ERC-20 tokens, added new functionality, which will allow users buying ETH for fiat via  Visa or MasterCard.

“We wanted to make it as seamless as possible for our community to get their hands on cryptocurrencies, so we have partnered up with the team at  Simplex  to make that happen.  MEW users worldwide will now be able to buy ETH using just their credit card,” the company said in an official announcement.  

Simplex platforms a regulated  fintech  company established in 2014.  It was  chosen as a technical solution provider due to its innovative features, including artificial intelligence and advanced  fraud-fighting  algorithms.

“Simplex’s advanced AI algorithms were “forged in the fire of the high-fraud-risk crypto market”. The team have a stirling track record, partnering with many other exciting blockchain projects.”

Users will have to go through verification procedure to be able to purchase Ethereum with credit  cards  provided that the bank that issued the card allow cryptocurrency operations.

ETH/USD is changing hands at $462 at the time of writing. The price has not changed since this time yesterday and gained about 1% since the start of the day. The short-term volatility is growing despite reduced trading volumes as the coin stays close to  Fibo  retracement  at $460.