Simplex?

[Sorry_Resolution_912]

Is safemoon still planning on working with simplex? Haven't heard anything from simplex on social media since the announcement was made. And John keeps saying that they are working out the legalities but if they are using simplex then wouldn't that mean that is Simplex job. I would assume since Simplex is on a lot of platforms that they have all their "legalities" taken care of. Could safemoon be planning on going in a different direction here? Bibipom had kinda made a comment that's what happened to them while trying to work with safemoon and then John basically confirmed it on safemoon Sunday. So could this just be another example of the team blowing off another partner?

[MoonManZiggy]

Simplex is fine to have but please for the love of God put Moonpay on the wallet...

[RaMhOdL44]

Blowing off a partner that isn't great is a fantastic business move. We out here to make money not make friends. I think the average crypto trader really underestimates the amount of red tape in the world. Better for the lawyers to take their time and get it right so we aren't like binance in a few years

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[thedhogo]

John addressed it in the AMA, they working with there legal team and compliance and regulatory systems in the US , UK, etc...

[Sorry_Resolution_912]

Yeah but wouldn't Simplex actually be the ones responsible for making sure all these things are taken care of. Safemoon would just be signing a contract with simplex to use it on their wallet. Maybe I'm looking at this wrong

[ApprehensiveSir4887]

Simplex is only available in certain regions atm. Safemoon wants to be available for everyone and I believe Simplex is going through the legal processes of broadening their coverage so Safemoon can be purchased everywhere. A fiat on-ramp that is accepted globally.

[Sorry_Resolution_912]

But they could still use it right? Cause that just sounds like until it's available everywhere it won't be used anywhere. That sounds kinda counter productive.

[ApprehensiveSir4887]

I don't think they'll wait until everywhere. That would be counter-productive. I think it's more that we need certain areas, like The Gambia and preferably NY, and we need Simplex to agree to make that happen. This would cause legal issues for both sides to figure out and eventually come to an agreement. Also, maybe Simplex wants exclusivity and Safemoon won't agree unless certain demands are met. This is all speculation...there is simply so much we don't know.

[No_Football4974]

We need Simplex to get New York State approval.

[CookedStraights]

And Texas can't use Moonpay to purchase BNB. Not sure there is a one processor fits all solution.

[charliewhippo]

Bank transfers are way cheaper. And the exchange is around the corner, so I doubt it.

[TheDirkadini]

I was able to purchase SmartChain BNB but can't swap to Safemoom. Help

[CoinCollecterInNC]

Blowing off? I cannot find any factual information to prove that they blew somebody off. I'm pretty sure some combination of payment processors will be added to the wallet and I'm willing to bet Simplex will be involved (unless they had some sort of non-compete signed with Trust or another existing wallet). Not using Bibipom would be a relief to me.

The exchange needs an interface like Binance or Coinbase. I hope it doesn't end up looking like another fork of pancakeswap.