Nuvei Corporation has inked a partnership deal with XT.COM cryptocurrency exchange to enable the latter to offer its users more convenient account funding options via Nuvei’s Simplex cryptocurrency on/off-ramp. The alliance is expected to introduce thousands of new users to XT.COM and make their onboarding process easier.
XT.COM Integrates More Funding Options
While cryptocurrency adoption has increased exponentially across the globe in recent years, with more than 3.9 percent (over 300 million people) of the total world population and 18,000 businesses now using bitcoin (BTC) and other cryptocurrencies, a good number of exchanges still do not offer users convenient payment options that enable fast crypto/fiat deposits and withdrawals.
Now, in a bid to overcome this hurdle, XT.COM, a Singapore-based crypto exchange established in Seychelles in 2018, has joined forces with Nuvei (Nasdaq: NVEI), to tap the corporation’s Simplex cryptocurrency on/off-ramp solution, to make it easier for users to fund their accounts through convenient payment methods.
XT.COM claims to be the world’s first social-infused centralized crypto exchange. The exchange sees more than 300,000 active users monthly and has over 30 million customers in total.
XT.COM provides access to a diversified range of digital asset products including spot, derivatives, interest-free margin, OTC trading, fiat trading, ETF instruments, coin staking, and more. XT.COM is available on desktop, laptop, and mobile (Android and iOS), plus physical offices in Tokyo, Dubai, and South Korea.
The formidable alliance between
Nuvei and XT.COM is expected to introduce thousands of new users to the XT.COM platform, as they can now fund their accounts with credit and debit cards, Apple Pay, and bank transfers, allowing for quick and seamless access to over a hundred crypto assets.
Weber Woo, CEO of XT.COM said:
“Crypto is accepted more and more by society. But how to connect from fiat to cryptocurrency, is the biggest barrier for most users. By cooperating with Simplex by Nuvei, we can help users from all over the world to easily enter the crypto world.”
The partnership between both firms is a win-win scenario, as XT.COM users will now be able to acquire hundreds of supported cryptocurrencies on the platform in a secure and convenient manner, also helping Nuvei to expand its reach into various regions across Asia, North America, and Europe. XT.COM’s existing partners in Asia and North America include Btok and Tapatalk.
Nuvei (TSX: NVEI) provides the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, and faster. The firm merges payment technology with consulting to help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
“We are delighted to support XT.COM with our global on-ramp solution,” said Philip Fayer, Chair and CEO of Nuvei. “Our partnership will enable millions of new users to join the cryptocurrency ecosystem with a familiar eCommerce experience of using everyday payment methods.”
Nuvei claims its proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in more than 200 markets worldwide, with local acquiring in 46 markets.