Nuvei Partners with Ledger to Offer Direct Crypto On-Ramp for Millions of Users
- 16.03.2022 02:20 pm
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), announces today that it has partnered with Ledger, the leading hardware wallet provider, to enable direct on-ramps for 125+ cryptocurrencies with all the leading fiat funding options via its Simplex by Nuvei solution. Through Ledger Live, Ledger users will be able to purchase cryptocurrencies through Visa, Mastercard, SEPA, SWIFT and over 100 other fiat funding options for various global currencies.
The integration enables Ledger users to seamlessly purchase cryptocurrencies without having to go through external exchanges and fiat-to-cryptocurrency payment gateways. This is key to maximizing security and ease of use for hardware wallet users, as it skips the additional steps of interacting with exchanges and temporarily abandoning the security of the device.
Integrating with Nuvei’s platform vastly expands the range of available funding and purchase options for Ledger users, who can now choose against a list of the most widespread combinations of local currencies and digital assets. Simplex by Nuvei guarantees protection against chargebacks, fraud and other inconveniences of servicing cryptocurrency purchases, while Ledger can focus on acquiring additional users and providing value for Ledger and Ledger Live users.
Ledger Live is the companion app of Ledger hardware wallet products, available on Desktop and Mobile. With the app, users have a simplified interface that enables them to safely interact with their hardware wallet. From Ledger Live, it’s possible to place assets in staking to verify transactions and earn a passive income, use DeFi platforms, manage NFTs and buy cryptocurrencies. With Simplex by Nuvei, Ledger Live becomes a one-stop shop for all of the users’ potential needs.
“We’re excited to partner with Ledger to let more and more users easily acquire crypto with maximum security,” said Philip Fayer, Chair and CEO of Nuvei. “With the number of possible verified uses of crypto in the ecosystem ever increasing, having easy onramps within the wallet is key for the continued growth of the sector.”
“Ledger Live is the gateway for digital assets and Web3, and we're excited to broaden the on-ramp offering on Ledger Live. Simplex by Nuvei is bringing more choice to Ledger customers and focuses on making it easier to enjoy all of the benefits of crypto without centralized custodians.” said Jean-François Rochet, VP of International Development at Ledger.