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Nuvei To Provide Instant Payment Solutions in FTX Partnership -Breaking

Sam Boughedda — Nuvei Corp, a payment technology company (NASDAQ:), announced that it has partnered with cryptocurrency exchange FTX.

Nuvei announced that the partnership would allow FTX’s users instant payment options and instant deposits, which will support high-value transactions.

Our users should have an easy experience, be able convert between fiat and crypto seamlessly and we want them to feel comfortable. We’re delighted to be partnering with Nuvei in order to offer a safe and reliable way to pay our users,” Sam Bankman Fried, CEO and founder of FTX.

Philip Fayer (Chair and CEO of Nuvei) stated that “our partnership with FTX demonstrates Nuvei’s leader in the growing cryptocurrency sector and our ability to deliver innovative solutions for clients from all walks of the planet.”

Nuvei shares have fallen by more than 7% on Tuesday despite the announcement. This is in addition to their decline of 40% last week, when they lost over 40% after a negative news story. short report from Spruce Point Capital Management.

Today’s Nuvei board issued a response to the report. The statement stated that it was “misleading and false” and did not relate to Nuvei business.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.