Nuvei launches comprehensive blockchain payment solution

Core Insights - Nuvei Corporation has launched a blockchain-based payment solution for businesses in Latin America (LATAM), enabling the use of stablecoins for faster cross-border B2B payments and settlements [1][2] - The partnership with Rain, BitGo, and Visa enhances the payment experience, allowing merchants to utilize stablecoins from a digital asset wallet anywhere Visa is accepted, thus simplifying corporate treasury management [2][3] Company Developments - Nuvei's integration of stablecoin technology into its payment platform aims to provide merchants with flexibility, security, and global reach [3] - The company has expanded its services in LATAM, being the first global payments service provider to offer direct local acquiring in Colombia and implementing local acquiring services in Mexico, along with acquiring a Payment Institution license in Brazil [3] Partnership Highlights - Rain's platform connects traditional financial systems with the digital asset ecosystem, facilitating frictionless B2B and stablecoin payments [3] - BitGo provides secure digital asset custody and infrastructure, supporting Nuvei's blockchain payment expansion in LATAM [3][6] Market Context - The launch of this comprehensive blockchain-based payment solution sets a new standard for payment solutions in LATAM, reflecting the region's rapid eCommerce growth [3]