Payment supplier Nuvei has launched support for nearly forty crypto assets together with lesser-known coins from previous market cycles, like Reddcoin, Steem, Bitcoin Gold, and Siacoin.
E-commerce merchants will currently interact in nearly forty cryptocurrencies through world payment platform Nuvei.
According to the announcement, merchants partnered with the payment supplier will use Associate in Nursing array of cryptocurrencies to send and receive payments across two hundred countries, together with prime assets Bitcoin (BTC) and Ether (ETH), lesser legendary cryptos like Reddcoin and Bitcoin Gold, and even hyper-volatile coins like Dogecoin (DOGE).
Nuvei’s customers will even use Ripple (XRP), despite the asset’s recent legal woes and ensuant delistings from major exchanges.
Commenting on the launch, Nuvei’s chief executive officer and chairman, Prince Philip Fayer, delineated the firm’s support for crypto assets as “empowering our shoppers, giant and little, with resistance payment experiences and a larger chance to partake in an exceedingly world marketplace.”
The announcement conjointly asserts crypto plus transactions can offer “enhanced security, privacy, and integrity” to Nuvei’s users compared to ancient enactment ways of payment. However, multiple crypto assets supported by Nuvei have antecedently been the topic of 51% attacks.
In the final quarter of 2020, Nuvei processed virtually $14 billion from merchants, with the corporate handling $43 billion over all of 2020.
Nuvei’s announcement comes as competition between ancient payment suppliers getting into the crypto sector is heating.
On March 29, Visa declared a pilot program permitting all its partners to use the Ethereum blockchain to settle transactions created in enactment. the answer utilizes the USDC stablecoin to clear transactions.
Late last year, Paypal declared that it’ll begin providing cryptocurrency services to its users together with the power for them to get and trade them.
On March 22, U.S.-based online shopping app Buyaladdin announced it will start accepting BTC and ETH across multiple shopping malls in South Korea