Fintech company Nuvei has partnered with the hardware provider Ledger to provide a direct crypto on-ramp for millions of users.
Simplex for $250 million in cash. The acquisition offered Nuvei future banking capabilities since Simplex is an electronic money institution licensed company in the European Union.“We’re excited to partner with Ledger to let more and more users easily acquire crypto with maximum security. With the number of possible verified uses of crypto in the ecosystem ever increasing, having easy onramps within the wallet is key for the continued growth of the sector.
Jean-François Rochet, VP of International Development at Ledger, also emphasized Ledger Live’s role as the gateway for digital assets and Web3 and spoke about broadening its on-ramp offering. The exec also stated that Nuvei’s subsidiary, Simplex, will pave the way for more choices for Ledger customers without centralized custodians.
With the objective being “optimize crypto and digital asset payments,” the collaboration aimed to remove the complexities involved in the process of fiat-to-crypto on-ramp and off-ramp, which could aid users to utilize and spend the funds from their crypto earnings.
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