Nuvei launches full blockchain payment solution

Canadian fintech Nubei Corporation (“Nuvei” or “Companhia”) announces the launch of an innovative blockchain-powered payments solution for Latin American companies.Through Nuvei's partnerships with Rain, a vertically integrated issuer for global platforms, with BitGo, a leading provider of digital asset custody and wallet solutions, and with Visa, Nubei now offers companies the option to use stablecoins (including USD Coin [USDC], among others) to make global settlements faster and rely less on traditional payment methods.

By collaborating with Rain, BitGo and Visa, Nubei provides a stable and secure blockchain payment experience: companies in Latin America can use their Visa physical or virtual cards to make payments with stablecoins from a digital asset wallet anywhere that accepts Visa. This solution, which has the broad acceptance of Visa, simplifies the management of corporate financial resources, as it streamlines international transactions, provides security in the custody of digital assets and offers lower exchange complexity and greater operational liquidity.

“With Cloudei and innovative payment solutions, businesses can connect more broadly with their” customers, explains Philip Fayer, CEO and Chairman of the Board of Cloudei.“ By integrating stablecoin technology into our B2B payments platform, we ensure our enterprise customers continuously enjoy flexibility, security and global reach.

Farooq Malik, CEO and co-founder of Rain, explains: “Our innovative platform integrates traditional payment means into the digital asset ecosystem, eliminating the obstacles of B2B and stablecoin payment transactions.This partnership with Nuvei represents an important step towards making blockchain payments more accessible and flexible for Latin American businesses

Luis Ayala, Director at BitGo, comments: “As a leader in infrastructure and digital asset custody, we are delighted to be part of the Cloud expansion towards blockchain payments.Our institutional-level security and comprehensive asset services will help Latin American companies use stablecoin technology with confidence and operational efficiency.”

This complete blockchain payment offering sets a new standard for payment solutions in Latin America, which demonstrates Nuvei's commitment to solidify its presence in this rapidly growing eCommerce region. Since the beginning of the year until now, the work of expanding Nuvei services in Latin America has enabled the company to become the first global payment service provider to offer direct local acquiring in Colombia, implement acquiring services in Mexico and earn a payment institution license in Brazil, among others.