Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE
E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei.
According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold, and even hyper-volatile coins like Dogecoin (DOGE).
Nuvei’s customers can even use Ripple (XRP), despite the asset’s recent legal woes and subsequent delistings from major exchanges.
Commenting on the launch, Nuvei’s CEO and chairman, Philip Fayer, described the firm’s support for crypto assets as “empower[ing] our clients, large and small, with frictionless payment experiences and a greater opportunity to partake in a global marketplace.”
The announcement also asserts crypto asset transactions will provide “enhanced security, privacy, and integrity” to Nuvei’s users when compared to traditional fiat methods of payment. However, multiple crypto assets supported by Nuvei have previously been the subject of 51% attacks.
In the final quarter of 2020, Nuvei processed almost $14 billion from merchants, with the company handling $43 billion over the entirety of 2020.
Nuvei’s announcement comes as competition between traditional payment providers entering the crypto sector is heating.
On March 29, Visa announced a pilot program allowing all its partners to use the Ethereum blockchain to settle transactions made in fiat. The solution utilizes the USDC stablecoin to clear transactions.
Late last year, Paypal announced that it will start offering cryptocurrency services to its users including the ability for them to purchase and trade them.
On March 22, U.S.-based online shopping app Buyaladdin announced it will start accepting BTC and ETH across multiple shopping malls in South Korea.
Thai SEC proposes new rules for digital asset custodians
The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency…
County Treasurer in Illinois accepts crypto donation in reelection bid
Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate…
Kyrgyzstan reportedly introduces regulations for crypto exchanges
The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a…
11% of young Americans have invested their stimulus checks into crypto
A new survey has found that more than one in ten American citizens aged between…
Grayscale Bitcoin Trust FUD is now over as the last GBTC unlock totals just 58 BTC
Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week,…
BTC price rejected at $50K; ADA bulls take a breather: Cointelegraph’s The Market Report is now live
3104 Total views 132 Total shares Listen to article News Following an impressive run, the…