Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the international payment tech partner of major brands, announced that it has entered into a partnership with FTX Trading LTD, which is the owner and operator of FTX.COM, a global crypto exchange.
This partnership with Nuvei will allow FTX to offer its users instant payment solutions for an improved customer journey and experience.
Via this collaboration, FTX may now provide users with access to Nuvei’s payment solutions that significantly “improves the user journey, enabling instant deposits that support high value transactions.”
This in return will “help FTX’s users to buy cryptocurrencies faster and in a more secured way,” the announcement noted.
Philip Fayer, Nuvei’s Chair and CEO, stated:
“Our partnership with FTX demonstrates Nuvei’s leadership in the growing cryptocurrency vertical and shows our ability to provide innovative solutions for customers of all types around the world.”
Fayer remarked:
“FTX is one of the world’s largest digital currency exchanges, and we are thrilled to partner with them to help simplify the transaction experience for their customers and speed processing times. Together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading. We look forward to continuing our collaboration with FTX and to expand the partnership to provide more APMs and enable payouts, bringing the latest innovations to their payment capabilities.”
Sam Bankman-Fried, Founder and CEO of FTX, added:
“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.”
As noted in a release, Nuvei is the international payment tech partner of leading brands. They offer the intelligence and tech businesses require to “succeed locally and globally, through one integration – propelling them further, faster.”
Uniting payment tech and consulting, they assist businesses with eliminating payment barriers, optimizing operating costs and increasing acceptance rates. Their proprietary platform offers pay-in and payout capabilities, “connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets.”
With support for more than 500 local and alternative payment methods, almost 150 currencies and 40 cryptocurrencies, merchants can “capture every payment opportunity that comes their way.”
FTX is an established crypto exchange “built by traders, for traders.”
It provides various products, including derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTX strives to be “an intuitive yet powerful platform for all kinds of users, and to be the most innovative exchange in the industry.”