FTX Partners With Nuvei to Offer Instant Payments to Users

The deal will help support the higher value transactions that are often required in crypto trading, the companies said.

By Michael Bellusci

Dec 14, 2021 at 7:55 p.m. UTC

Updated Dec 14, 2021 at 8:39 p.m. UTC

FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk archives)

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

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Cryptocurrency exchange FTX has partnered with payments firm Nuvei Corp to enable ways for users to receive instant payments to buy cryptocurrencies more quickly and securely.

“We want our users to have a frictionless experience and be able to convert from fiat to crypto and back seamlessly. We are thrilled to partner with an innovative company like Nuvei to provide a reliable payment on- and off-ramp for our users,” said Sam Bankman-Fried, founder and CEO of FTX, in a a press release Tuesday.
Nuvei CEO Philip Fayer added that “together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading.”
Nuvei’s pact with FTX comes just a day after the payments firm said it is launching crypto-friendly debit cards with Visa.

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