BCHBitcoinCointelegraph.comEthereumLitecoinmastercardneoNewsNuveiPayment providerPayPalPlatformRippleVisa

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

Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.
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 …
Story continues on Cointelegraph

Related posts
AltcoinsBitcoinBTC Trading ViewEthereumNewsNews 1Trading View

Analyst says ‘Alt Season’ is here; here's what this could mean for Bitcoin and Ethereum

Two months ago when Bitcoin began a rally in January, the flagship crypto reached new ATHs and remained steady over the $30,000 range for a long time. At the time, data from Longhash revealed that in The post Analyst says…
Bitcoinbitcoin etfBTC-USDPurpose Bitcoin ETFSEC

Canada’s Purpose Bitcoin ETF Registers Zero Outflows, BTC Demand Present

The Bitcoin price is inching closer to $60k, racing past $58k and convincingly shaking off bears of last week. However, according to Lex Moskovski, the retail demand for the world’s most valuable coin is there if the status of one…
baseballbitcoin purchaseBusinessCointelegraph.comHODLOaklandsports

MLB team will HODL Bitcoin received from suite sales, says president

“We’re believers in [Bitcoin] and hopefully it continues to go up and maybe we can find some big free agents with some of the proceeds.” Dave Kaval, president of Major League Baseball’s Oakland Athletics, says the ball club will be…