Nuvei introduces off-ramping of Digital Assets to cards via Mastercard Move in Europe

Core Insights - Nuvei Corporation has partnered with Mastercard to launch a new off-ramping solution for converting digital assets, including cryptocurrencies, into traditional fiat currency through debit, credit, and prepaid cards [1][2] - This solution aims to bridge the gap between digital and traditional finance, allowing consumers to spend their converted assets via Mastercard's global network [1][4] - The integration of this off-ramping solution into Nuvei's modular payment platform enhances user experience by providing a simple and secure process for asset conversion [1][4] Company Strategy - The partnership with Mastercard aligns with Nuvei's mission to facilitate seamless transactions across the digital economy, enabling businesses and customers to connect through various payment methods [2] - Nuvei's strategy focuses on integrating traditional payments, open banking, and blockchain technology to create a unified experience for users [2][5] - The off-ramping solution is designed to be rapid and user-friendly, allowing consumers to convert a wide range of digital assets into fiat currency and transfer funds to their eligible Mastercard in near real-time [4][5] Market Position - Nuvei operates in over 200 markets, providing local acquiring in 50 markets, supporting 150 currencies, and offering 700 alternative payment methods [5] - The company’s technology and insights are aimed at helping customers and partners succeed both locally and globally with a single integration [5]