The financial tech company, Nuvei has announced the launch of crypto-friendly debit cards. The rollout, which involves collaboration with the American multinational payment service Visa, will target Nuvei’s partners across the European Economic Area (EEA) and United Kingdom (UK).
Crypto-Friendly Debit Cards
Simplex – Nuvei’s subsidiary – partnered with Visa to enable its clients to issue crypto debit cards back in December 2020. The fiat-on-ramp service provider is actually a principal member of the Visa network. Hence, it has permission to release Visa cards and offer consumers access to digital assets.
According to an announcement shared with CryptoPotato, the launch of new cards is expected to simplify the process of fiat-to-crypto on-ramp and off-ramp. This should, in turn, help users utilize and spend the funds from their crypto earnings.
Philip Fayer, Nuvei’s Chair and CEO, noted that the launch of branded Visa debit card is a crucial development and a huge asset for th
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