World Crypto Global
- Written by: Tareq Sikder
- Thu, 11 Jul 2024
- Israel
Nuvei Corporation, a Canadian fintech company, announced apartnership with Mastercard today. This partnership will launch a newoff-ramping solution in Europe. The solution allows consumers to convert theirdigital assets, including cryptocurrencies, into traditional fiat currency.They can do this using debit, credit, and prepaid cards.Digital Finance Bridge This new function bridges digital and traditional finance.Consumers can spend their converted funds through Mastercard's global network.The off-ramping solution is part of Nuvei's modular payment platform. It aimsto offer a simple and secure user experience.Consumers can convert a wide range of supported digitalassets into fiat currency. They can then transfer the funds to their eligibleMastercard in near real-time. This process uses Mastercard Move's moneymovement capabilities. The integrated solution removes the need for third-partyexchanges or money service businesses.We're excited to collaborate with Mastercard toaccommodate access liquidity and payments for Digital Asset holders, commented Philip Fayer, Chair and CEO of Nuvei. Our mission is to enablebusinesses and their customers to connect through payments, wherever consumersare and however they want to pay. Offering crypto off-ramps through our singleintegration aligns perfectly with this mission to facilitate frictionlesstransactions across the digital economy.Nuvei introduces off-ramping of Digital Assets to cards via Mastercard Move in Europe https://t.co/VXicQFHfWN #2024Trends #blockchain #banking #futuretechnology #financetechnology Global FinTech Series (@FinTech_Series) July 11, 2024Blockchain Payment IntegrationNuvei's off-ramp solution with Mastercard is part of itsstrategy. It aims to connect traditional payments, open banking, and blockchaintechnology into one seamless experience.Enabling choice how consumers can engage in DigitalAssets in a safe, simple and secure manner in line with all relevant regulation is at the heart of our strategy in this space, added Christian Rau,Senior Vice President, Fintech and Crypto Enablement, Mastercard Europe.Combining our global network of partners and digital solutions withNuvei's advanced integration opens new opportunities and choice for businessesengaging in digital assets and consumers alike.This article was written by Tareq Sikder at www.financemagnates.com.
