Nuvei payment company partners with Visa to launch a crypto card
It is designed to simplify the process of transferring fiat funds into and out of digital assets
14.12.2021 - 12:20
567
2 min
0
.
What’s new? The Nuvei Corporation has partnered with Visa to launch cryptocurrency debit cards for its partners in the European Economic Area and the UK. The company explained that the cooperation with Visa will ensure secure transfers and high transaction speeds.
Nuvei’s @Visa-branded crypto debit cards are here! 💳 They shall allow our partners’ customers to spend #crypto anywhere #Visa is accepted, at the click of a button.Learn more: https://t.co/PQshpFwcCC #NuveiNews #FintechNews #CryptoNews pic.twitter.com/evPoZV82yw— Nuvei (@NuveiTech) December 13, 2021
What is the advantage of the cards? Through Nuvei's Simplex Banking system, the cards simplify the process of transferring fiat funds into and out of cryptocurrencies, creating a unified way to use and spend funds. In spring 2022, the company’s representatives plan to expand the list of supported digital assets to 40.
What does the Nuvei representative say? Nuvei’s CEO of Simplex, Nimrod Lehavi, said Visa's branded cards are specifically designed for the cryptocurrency space and comply with global compliance standards.
“Thanks to Visa, we have created a straightforward and simple program that is tailored to the crypto industry in terms of compliance, risk, time-to-market, and costs.”
Useful material?
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024