Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Nuvei Rises 6% On Ledger Partnership

Stock Markets Mar 16, 2022 14:20
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
JPM
+0.24%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MA
-0.85%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
V
+3.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NVEI
+2.38%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NVEI
+2.20%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Sam Boughedda

Investing.com -- Payment technology company Nuvei Corp (NASDAQ:NVEI) rose Wednesday on news it has partnered with Ledger, a company that develops security and infrastructure solutions for cryptocurrencies.

Nuvei told investors in its press release that the partnership will "enable direct on-ramps" for over 125 cryptocurrencies with all of the leading fiat funding options via its Simplex by Nuvei solution. 

Through the Ledger Live platform, Ledger users will be able to purchase cryptocurrencies through Visa (NYSE:V), Mastercard (NYSE:MA), SEPA, SWIFT, and other funding options for various currencies. Essentially, it provides a payment solution for Ledger users without going through external exchanges and fiat-to-cryptocurrency payment gateways. 

“We’re excited to partner with Ledger to let more and more users easily acquire crypto with maximum security,” said Philip Fayer, Chair and CEO of Nuvei. “With the number of possible verified uses of crypto in the ecosystem ever-increasing, having easy on-ramps within the wallet is key for the continued growth of the sector.”

Nuvei climbed over 6% Wednesday following the news. Last week the stock was initiated with an Overweight rating by JPMorgan, who said the pandemic "ushered in a wave of complexity" for merchants to accept different digital payments modalities. They added that Nuvei solves this problem by providing various payment services through a single integration.

 

Nuvei Rises 6% On Ledger Partnership
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email