Fintech company Nuvei has announced a partnership with Ledger. The partnership should give platform users direct access to more than 125 cryptocurrencies with all popular fiat funding options through the recently acquired payment solutions provider Simplex.
Ledger users with Ledger Live will be able to purchase digital currencies through Mastercard, Visa, SWIFT, SEPA and other payment systems. This integration will eliminate the need for external exchanges and payment gateways “at the expense of maximum security. There should be no need for additional interaction with other third-party platforms, which Nuvei says will also have an impact on security.
Simplex will have to crack down on fraudulent schemes, and Ledger will be involved in attracting new customers by trying to explain to them how a hardware wallet is useful. Nuvei CEO Philip Fayer said the number of ways to protect your assets is constantly growing. That’s why, Fayer believes, it’s crucial that it’s easy to get a hardware wallet, then it will open up a further safe way to learn about the cryptocurrency industry.
In late February, the developers of the cryptocurrency wallet Coinbase Wallet announced a partnership with Ledger, in which they will release a special version of the Ledger Nano X wallet.