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

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2 min

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.”

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