Nuvei and Visa Collaborate to Release Crypto-Friendly Debit Cards -Breaking
- Nuvei partners with Visa (NYSE:), to launch Visa debit cards.
- It will distribute the cards to all its partners across the EEA, UK.
- Simplex and Visa leaders were thrilled to reach this important milestone.
Following a partnership with Visa, Nuvei Corporation’s subsidiary called Simplex is releasing Visa debit cards. These branded cards are being distributed to partners in the European Economic Area as well as the United Kingdom.
Nuvei’s subsidiary Simplex continues to use its Visa Principal Membership EMI license and Visa Principal Membership to enable partner companies to purchase crypto wherever Visa is accepted.
Philip Fayer, Chairman and CEO at Nuvei states that this release is a significant milestone for the company as well as its customers. Fayer stated,
Our partners and users are hugely benefited by the branded Visa debit cards. This card allows for seamless and immediate spending of cryptocurrency earnings.
Fayer stressed that Visa’s program plays an important part in the development of crypto. He said that this is “closing the gap between traditional finance and crypto.”
Visa’s Crypto Solutions Director for Europe Nikola Plecas also expressed his excitement with this new development. Plecas said that Plecas was pleased with the new development.
Consumer awareness of cryptocurrency has grown significantly in Europe. This is resulting in greater adoption, as more people seek to use crypto.
He expressed his delight to be a part of the project while deepening their company’s relationship with Nuvei.
Simplex’s CEO Nimrod Léhavi said the Visa cards are designed for cryptocurrency and comply with international compliance standards. According to him, “Our Visa card program has already seen huge success across Europe and in the UK.”
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