Canadian fintech Nuvei Corporation (TSX:NVEI) today announces a partnership with Mastercard to launch a new solution that allows consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards. .
This new feature provides a bridge between digital and traditional finance that can be spent through Mastercard’s global network. This off-ramping solution is integrated directly into Nuvei’s modular payment platform, providing a simple, secure user experience.
The off-ramping process is designed to be fast and user-friendly. Consumers can seamlessly convert a wide range of supported digital assets into fiat currencies. They can then transfer the funds to their eligible Mastercard in near real-time using Mastercard Move’s money movement capabilities. No longer requiring third-party exchanges or money-providing businesses, this end-to-end solution simplifies the transformation of digital value into global spending circulation.
“We are excited to partner with Mastercard to serve access liquidity and payments for Digital Asset holders,” commented Philip Fayer, President and CEO of Nuvei. “Our mission is to enable businesses and their customers to connect through payments, wherever consumers are and however they want to pay. Offering off-ramps crypto through our seamless integration aligns perfectly with this mission to facilitate frictionless transactions across the digital economy.”
“The ability to choose how consumers can engage with Digital Assets in a safe, simple and secure way, in compliance with all relevant regulations, is at the heart of our strategy in this area,” added Christian Rau, Senior Vice President, Fintech and Crypto Enablement, Mastercard. Europe. “Combining our global network of partners and digital solutions with Nuvei’s advanced integration opens up new opportunities and options for digital businesses and consumers.”