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

Cryptophyl.com 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.

Now the Cryptophyl team has partnered with Moonpay to provide credit and