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A novel FinTech solution for B2B payments targeting e-commerce participants in Latin America has been unveiled, facilitating cross-border transactions through stablecoins and the Visa payment network.
The Canadian FinTech firm Nuvei has announced the introduction of its blockchain payment solution for merchants operating in Latin American nations. The project collaborates with tech partners such as Visa, digital asset custodian BitGo, and payment solutions developer Rain.
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This new solution enables transactions using stablecoins via both physical and virtual Visa cards. In comparison to conventional payment systems, the service streamlines cross-border multi-currency payments, enhances corporate treasury management, guarantees secure storage of digital assets, and boosts operational liquidity.
Philip Fayer, Chair and CEO of Nuvei, mentioned in the press release that utilizing stablecoins on the platform for B2B payments offers e-commerce market participants unmatched flexibility, security, and global accessibility. Farooq Malik, Co-Founder and CEO of Rain, remarked that the new offering connects traditional financial infrastructure with the digital asset ecosystem, allowing for seamless B2B payments using stablecoins.
It is important to highlight that Nuvei was one of the companies backing the November 2024 launch of the Global Dollar Network project, which aims to promote the worldwide adoption of stablecoins as a payment method.
Сообщение New Blockchain Solution for B2B Payments Launched in Latin America появились сначала на CoinsPaid Media.
