Diamond Standard Co. Partners with Simplex by Nuvei to Offer Seamless Payment Solutions for CARATS Holders

Diamond Standard Co., developer of the world’s only regulated and market-traded natural diamond commodities, has partnered with payment gateway Simplex by Nuvei to offer seamless payment solutions for CARATS™ holders. Carats are now listed on Simplex and available for onramps on leading exchanges and wallets and to the entire 350+ partner network of Simplex, allowing users to effortlessly buy CARATS using credit cards, fiat, or most cryptocurrencies. The partnership with Simplex will make it even easier for businesses and individuals to implement CARATS for value transfers and payment needs, such as cross-border remittances and online services. CARATS, recently listed on Bitrue, are exempt from most money transmitter and cryptocurrency regulations and are valued based on the current market price of diamond commodities, making them ideal for integration into global social networks and international remittances between users who lack bank accounts.

Through this partnership, CARATS can now be used for instant money transfer without the headaches people traditionally face. CARATS use public blockchains and trade on crypto exchanges, but are not created by a sponsor or an algorithm; they are issued by, and redeemable for, individual physical commodities. CARATS are ideal for integration into global social networks, and for international remittances, between users who lack bank accounts, but have mobile phones. Simplex by Nuvei is an EU-licensed financial institution that aims to provide simple, seamless, and secure channels to convert over 100+ fiat currencies to 170+ cryptocurrencies. Diamond Standard Co. has optimized diamonds into a market-traded asset, enabling investors to access a natural resource worth $1.2 trillion, and providing diversification, potential inflation protection, and a new store of wealth for institutional and individual investors.