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Fintech provider Nuvei now supports 40 Cryptocurrencies | Invezz


invezz.com 30 March 2021 04:37, UTC
Reading time: ~2 m

Global payments platform Nuvei has announced the support of about 40 cryptocurrencies on its platform. The added crypto assets include less popular tokens from previous market circles, including Siacoin (SIA), Reddcoin (RDD), and Bitcoin Gold (BTG).

Support also includes popular crypto assets

The addition of the coins means that E-commerce merchants now have a plethora of options to choose from when transacting through the Nuvei global payment platform.

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The support also includes popular crypto-assets like Bitcoin (BTC), Bitcoin Cash (BCH), XRP, NEO, and Ethereum (ETH).

E-commerce merchants now have the chance to take their products to a wider market base as there are more payment options even for customers in remote areas where fiat payment is a problem.

The adoption of cryptocurrencies has increased within the mainstream finance sector. The crypto market recently hit $1.6 trillion, according to CoinMarketCap. With the increased expansion of the number of crypto holders, merchants want to take advantage of this trend to grow their businesses. They can now do this by providing an alternative payment method for their clients.

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More options for merchants

Chairman and Chief Executive Officer of Nuvei, Philip Fayer, commented on the development. He stated that the company is excited to offer more opportunities for its clients to partake in the global marketplace. He added,

 Nuvei continuously strives to offer the most relevant payment mediums for our clients and their customers.

Nuvei is active in more than 200 global markets, and it supports about 150 local currencies as well as the most popular cryptocurrencies.

The addition of more cryptocurrencies, including the lesser-known ones, will help merchants see beyond the bounds of the fiat ecosystem.

It provides Nuvei’s merchants with greater reach to their customers throughout the world, as well as the ability to demand more payment. There is also the benefit of the integrity of transactions, privacy, and enhanced security found in cryptocurrencies.

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