Nuvei and Ledger Partner to Facilitate Direct On-Ramps to Over 120 Cryptos
This partnership between Nuvei Corporation (NYSE: NVEI) and Ledger, the premier hardware wallet provider, will allow direct on-ramps to more than 120 cryptocurrencies with all of the top fiat financing alternatives through its Simplex by Nuvei solution, which will be available in the coming weeks. Over 100 fiat financing alternatives for different worldwide currencies are available to Ledger customers via Ledger Live. This includes Visa/Mastercard, SEPA/Swift, and over 100 more.
The integration makes it possible for Ledger users to buy cryptocurrencies directly without the need for intermediaries such as exchanges and fiat-to-crypto payment gateways. With this, hardware wallet users may maximize security and convenience of use by avoiding the extra steps of communicating with exchanges and momentarily sacrificing the device’s security.
As a result of the integration with Nuvei’s platform, Ledger users may now choose from a list of the most often used combinations of local currencies and digital assets for financing and purchasing. Ledger can concentrate on gaining new customers and giving value to existing Ledger and Ledger Live users using Simplex by Nuvei, which ensures protection against chargebacks, fraud, and other difficulties associated with servicing bitcoin transactions.
Ledger Live is a desktop and mobile software that goes along with the Ledger hardware wallets. The software gives consumers a more user-friendly way to connect with their hardware wallet. You may use Ledger Live to stake assets for transaction verification and passive revenue, utilize DeFi platforms, manage NFTs, and purchase cryptocurrencies. Ledger Live becomes a one-stop shop for all of the user’s prospective requirements thanks to Simplex by Nuvei.
Philip Fayer, Chair and CEO of Nuvei said “We’re thrilled to be working with Ledger to make crypto more accessible while still ensuring the highest level of security for our consumers. When there are so many validated applications of crypto available in the ecosystem it’s crucial to have simple onramps in your wallet.”
Jean-François Rochet, VP of International Development at Ledger, said “A bridge for cryptoassets and Web3, Ledger Live is happy to provide more on-ramp options. With Simplex by Nuvei, Ledger consumers have additional options and may enjoy all the advantages of crypto without the need to trust centralized custodians.”