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FTX Partners With Nuvei to Offer Instant Payments to Users
The deal will help support the higher value transactions that are often required in crypto trading, the companies said.
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Cryptocurrency exchange FTX has partnered with payments firm Nuvei Corp to enable ways for users to receive instant payments to buy cryptocurrencies more quickly and securely.
- “We want our users to have a frictionless experience and be able to convert from fiat to crypto and back seamlessly. We are thrilled to partner with an innovative company like Nuvei to provide a reliable payment on- and off-ramp for our users,” said Sam Bankman-Fried, founder and CEO of FTX, in a a press release Tuesday.
- Nuvei CEO Philip Fayer added that “together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading.”
- Nuvei’s pact with FTX comes just a day after the payments firm said it is launching crypto-friendly debit cards with Visa.
Read more: FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
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