Nuvei Signs Partnership with Hardware Wallet Provider Ledger

Nuvei, a Canadian payment processor, announced on Tuesday that it arranged a partnership with Ledger to enable direct on-ramps for over 125 cryptocurrencies with all the fiat funding options via its Simplex by Nuvei solution.

According to the press release, Ledger Live will allow Ledger users to purchase cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term through Visa, Mastercard, SEPA, SWIFT and over 100 other fiat funding options.

With this integration, Ledger users are able to buy cryptocurrencies without going through external exchanges or fiat-to-crypto gateways. By doing this, hardware wallet users are able to maximize security and ease of use, as they are without the additional step of interacting with exchanges and temporarily abandoning device security.

“We’re excited to partner with Ledger to let more and more users easily acquire crypto with maximum security. With the number of possible verified uses of crypto in the ecosystem ever-increasing, having easy on-ramps within the wallet is key for the continued growth of the sector,” Philip Fayer, the Chairman and CEO of Nuvei, commented.

“Ledger Live is the gateway for digital assets and Web3, and we’re excited to broaden the on-ramp offering on Ledger Live. Simplex by Nuvei is bringing more choice to Ledger customers and focuses on making it easier to enjoy all of the benefits of crypto without centralized custodians,” Jean-François Rochet, the VP of International Development at Ledger, pointed out.

Nuvei and FTX Partnership

In December 2021, Nuvei announced a partnership with the cryptocurrency exchange, FTX. Nuvei stated that the collaboration will enable FTX to provide its users with instant deposits and instant payment solutions that support high-value transactions. In addition, the partnership will allow FTX users to have access to instant payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to purchase cryptocurrencies faster and more securely.

Nuvei’s collaboration with FTX came a few days after the payment company stated that it is rolling out crypto-friendly debit cards with Visa Inc.