Nuvei Infixed on Dapper Labs’ Flow to Process FUSD Stablecoin Jan 11, 2022 Jan 11, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 11, 2022 by Kelly Cromley

Nuvei Infixed on Dapper Labs’ Flow to Process FUSD Stablecoin

Nuvei Corporation (Nasdaq: NVEI, TSX: NVEI), a worldwide payment technology ally of successful brands, has announced integration with Flow, a Web3 platform built for customer-cordial blockchain systems. This is a huge step forward in accessible NFT purchase and distinct stablecoin transactions on the blockchain, offering a seamless checkout process for dapps developed on Flow, driven by Nuvei.

Nuvei is a worldwide payment technology partner to well-known businesses. Through a single integration, the firm gives organizations with the knowledge and technology they need to flourish locally and worldwide, driving them farther and quicker. Flow is a rapid, decentralized, programmer-friendly Web3 platform selected for its scalability and user experience, as well as its dedication to quality, durability, and community empowerment.

Flow is the first layer-one blockchain developed by a group that has continuously produced industry-relevant consumer-scale web3 experiences such as CryptoKitties, Dapper Wallet, and NBA Top Shot. Flow’s upcoming, eco-friendly blockchain enables programmers to establish crypto- and crypto-supportive enterprises, and consumers to generate tradable digital content on open marketplaces.

By enabling customers to pay using FUSD, the most popular USD-based stablecoin on Flow, Nuvei provides an innovative and flexible processing solution for those developing on Flow. Notably, 35% of entire NFT traders are currently using the Flow blockchain. Nuvei’s single-integration network enables Flow developers and marketplace consumers to make fiat NFT purchases using FUSD.

It provides increased connectivity to NFT platforms as well as the potential to reach a broader consumer audience i.e. individuals searching for a quick and simple solution to buy in fiat. “We’re thrilled to be linked with Flow—great it’s to see that its connectivity is gradually turning out to be the blockchain of preference for NFT traders,” stated Nuvei’s Chair and CEO, Philip Fayer.

“Using our new connection, an increasing proportion of NFT platforms can now give their clients the possibility to swiftly and effortlessly buy FUSD with fiat.”

“Nuvei delivers a fantastic payment solution for both customers and programmers on Flow,” stated Mickey Maher, Dapper Labs’ SVP of Partnerships.

“We’re happy to have them embrace the emerging environment and play a critical role in promoting Web3 general adoption.”

Nuvei is now the premier payment associate in the crypto and digital asset arena, thanks to this integration. In the meantime, Flow will use Nuvei’s bespoke fraud protection and risk management techniques, which are bolstered by proven artificial intelligence technology, leading to higher transition rates and better liquidity, as well as the ability to make instant fiat purchases for cryptos, NFTs, and decentralized finance services.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.