Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem

The London-based exchange Cryptophyl is a trading platform focused on the Simple Ledger Protocol (SLP) and bitcoin cash (BCH) ecosystem. On October 29, the exchange announced the launch of the first fiat on-ramp to obtain well-known SLP tokens.

Also read: Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

Purchasing SLP Tokens With Fiat has revealed the public can now purchase SLP tokens using fiat via credit cards, debit cards, and Apple Pay. The Cryptophyl team is collaborating with the payment processor Moonpay in order to facilitate the fiat on-ramp. The SLP token ecosystem has grown quite mature this year and thousands of tokens have been created using the BCH network. Data reveals there’s been 5,400 SLP tokens minted since the inception of the protocol and a slew of tokens have been listed on exchanges. Cryptophyl launched in August and initially offered spice (SPICE) trading with bitcoin cash but the trading platform now has honestcoin (USDH) and the Cryptophyl developed drop (DROP) token. Cryptophyl’s native exchange token drop leverages the ability to utilize onchain dividends by paying holders airdropped tokens directly to their wallets.

Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem

Now the Cryptophyl team has partnered with Moonpay to provide credit and debit card support to Cryptophyl’s exchange platform. Cryptophyl’s initial fiat payments launch will provide users access to spice and the stablecoin USDH. In the near future, credit and debit card payments can be used to obtain bitcoin cash and drop as well. “We are proud to partner with Cryptophyl to support instant purchases of SLP tokens,” said Ivan Soto-Wright, cofounder and CEO at Moonpay. “Reducing the barriers to entry is critical for mainstream adoption.” Moonpay users will have a connection to the SLP universe as well “expanding the reach of SLP to all users of Moonpay integrated products,” Cryptophyl’s announcement highlighted.

Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem
At first users will be able to access spice (SPICE) and honestcoin (USDH).

Making Bitcoin Cash Token Trading More Accessible

According to the Cryptophyl team, honestcoin (USDH) and spice (SPICE) are the most popular tokens on the trading platform. Moonpay and Cryptophyl’s fiat on-ramp will charge a fee of 3.99% per transaction. “It’s great to see the addition of credit card support to Cryptophyl,” Semyon Germanovich, Cryptophyl’s founder, detailed during the announcement. “We’re constantly working hard to make token trading more accessible. We’re excited to connect Moonpay’s existing userbase with some of the most popular SLP tokens out there.” Germanovich added:

This is a big moment for SLP tokens, and we’re thrilled to see SLP mature over time, and be a part of this journey. This is the beginning of many great things to come for Bitcoin Cash and the wider cryptocurrency ecosystem.

Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem

Since Cryptophyl’s inception, the trading platform has been focused on the token technology tethered to the BCH network. The exchange aims to continue expanding the list of SLP pairs on the trading engine. “This mission is achieved through the discovery, due diligence and subsequent listing of quality tokens that demonstrate real-world utility,” Cryptophyl’s announcement notes. “Moving forward, both companies have committed to work together to add all new Cryptophyl listed tokens to Moonpay.”

What do you think about Cryptophyl revealing its fiat on-ramp to the SLP token ecosystem? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, USDH, SPICE, Pixabay, Moonpay, and

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The marketplace has thousands of participants from all around the world trading BCH right now.

Tags in this story
airdrops, BCH, BCH Token Ecosystem, bitcoin cash, Bitcoin Cash Pairs, Cryptophyl, dividends, drop, Honestcoin, Ivan Soto-Wright, Moonpay, Native Exchange Token, Onchain Dividends, Semyon Germanovich, SLP Exchange, SLP Token, SLP token Universe, Spice, Stablecoin, Tokens, USDH
Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem 1
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for about the disruptive protocols emerging today.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Cryptosoft Trading Bot Review
June 27, 2022
The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,057 0.90 % 1.86 % 2.03 %
Ethereum1,215.7 0.73 % 1.21 % 7.39 %
Tether0.9999 0.06 % 0.13 % 0.00 %
USD Coin0.9999 0.06 % 0.25 % 0.29 %
BNB239.00 0.87 % 0.59 % 10.04 %
Binance USD1.003 0.34 % 0.10 % 0.07 %
XRP0.3517 0.57 % 3.61 % 8.52 %
Cardano0.4910 0.52 % 3.04 % 0.36 %
Solana38.90 1.01 % 5.15 % 9.68 %
Dogecoin0.07216 0.59 % 6.54 % 19.76 %

Bitcoin (BTC) $ 20,889.00
Ethereum (ETH) $ 1,209.59
Tether (USDT) $ 0.999472
USD Coin (USDC) $ 1.00
BNB (BNB) $ 237.53
Binance USD (BUSD) $ 1.00
XRP (XRP) $ 0.350771
Cardano (ADA) $ 0.488599
Solana (SOL) $ 38.62
Dogecoin (DOGE) $ 0.071776