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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.