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Payment Solution Provider Nuvei Announced Support for 36 Crypto Assets


crypto-economy.com 30 March 2021 04:50, UTC
Reading time: ~2 m

Payment solution provider Nuvei Corporation has announced pay-in and payout support for 36 of the world’s leading crypto assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), NEO, Ripple (XRP), and more.

Nuvei announced the move in a press release on Monday, March 29. With this addition of cryptocurrencies, a large of Nuvei-powered merchants can now dive into the booming world of cryptocurrencies.

Nuvei’s announcement states that it has added support for nearly 40 assets but the website shows that 36 crypto assets are added as payment methods to Nuvei’s payment technology platform. The most notable cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, DAI, Dogecoin, NEM, USD Coin, Tether, and Stellar Lumen.

Nuvei, based in Canada, is the global payment technology partner of thriving brands, active in over 200 global markets. With the addition of cryptocurrencies, the platform now enables access to the most popular cryptocurrencies in addition to supporting nearly 150 local currencies and over 455 alternative payment methods.

According to the company, mainstream adoption of cryptocurrencies has steadily increased, with the current estimated global market capitalization reaching approximately $1.8 trillion, according to CoinMarketCap.

Due to the ongoing environment, consumer shopping habits have become increasingly more global, and therefore, cryptocurrency payments are increasingly becoming more significant for industries offering large ticket and high volume goods and services. With the rising popularity of crypto assets, the number of cryptocurrency holders continues to expand, supporting cryptocurrencies represents a sizable market opportunity for merchants to attract more buyers worldwide.

Philip Fayer, Nuvei’s chairman and CEO, commented:

“We’re excited to provide yet another pioneering solution that empowers our clients, large and small, with frictionless payment experiences and a greater opportunity to partake in a global marketplace. Nuvei continuously strives to offer the most relevant payment mediums for our clients and their customers. Our cryptocurrency support provides convenient, secure, and instant transaction processing through a single integration.”

The company further said that with the addition of cryptocurrencies to its platform, Nuvei can now also facilitate transactions for the world’s growing interest in Non-Fungible Tokens (NFTs) which is also an exponentially growing blockchain-enabled industry.

The addition of cryptocurrencies as payment methods on platforms like Nuvei shows that the crypto industry is now steadily moving towards mainstream adoption and businesses around the world are willing more than ever before to share their part in the process.

If you found this article interesting, here you can find more Blockchain and cryptocurrency news

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