Nuvei launches support for 40 cryptos including DOGE

Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE

Payment provider Nuvei has introduced assistance for nearly 40 crypto assets such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.

Payment provider Nuvei has introduced assistance for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.

According to the announcement, merchants partnered with the payment service provider can use a range of cryptocurrencies to send and get payments across 200 nations, including leading possessions Bitcoin (BTC) and Ether (ETH), lesser-known cryptos such as Reddcoin and Bitcoin Gold, and even hyper-volatile coins like Dogecoin (DOGE).

The consumers can even utilize Ripple (XRP), regardless of the property’s recent legal issues and subsequent delistings from major exchanges.

Commenting on the launch, Nuvei’s CEO and chairman, Philip Fayer, described the company’s assistance for crypto properties as “empower [ing] our clients, large and little, with frictionless payment experiences and a greater chance to take part in a worldwide marketplace.”

The announcement likewise asserts crypto-asset deals will supply “boosted personal privacy, stability, and security” to Nuvei’s users when compared to conventional fiat methods of payment. Nevertheless, several crypto assets supported by Nuvei have actually formerly been the subject of 51% attacks.

E-commerce merchants can now transact in almost 40 cryptocurrencies through the global payment platform.

In the final quarter of 2020, Nuvei’s processed practically $14 billion from merchants, with the company handling $43 billion over the entirety of 2020.

Nuvei’s announcement comes as competition between conventional payment providers going into the crypto sector is heating.

On March 29, Visa revealed a pilot program allowing all its partners to utilize the Ethereum blockchain to settle transactions made in fiat. The service utilizes the USDC stablecoin to clear deals.

Late last year, Paypal declared that it will start providing 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 revealed it will start accepting BTC and ETH across multiple malls in South Korea.

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