Nuvei launches crypto debit cards in partnership with Visa

The Toronto-listed Nuvei Corporation, in partnership with Visa, has launched crypto debit cards available in the European Economic Area and the United Kingdom.

Nuvei’s @Visa-branded crypto debit cards are here! 💳

They shall allow our partners’ customers to spend #crypto anywhere #Visa is accepted, at the click of a button.

Learn more: https://t.co/PQshpFwcCC #NuveiNews #FintechNews #CryptoNews pic.twitter.com/evPoZV82yw

— Nuvei (@NuveiTech) December 13, 2021

Payment processing for Nuvei will be handled by its fintech arm Simplex.

In September, Simplex signed a partnership with COTI, a platform focused on the corporate sector. The latter launched crypto-friendly bank accounts and Visa debit cards.

“Thanks to the partnership with Nuvei, merchants of the financial blockchain network COTI will benefit from broader adoption thanks to the ability to accept cryptocurrency as a payment option,” the statement said.

Nuvei representatives pledged to expand the list of supported cryptocurrencies to 40 in the spring.

In May, Nuvei acquired an Israeli crypto-processing firm for $250 million.

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