Latin America continues to be a center of blockchain integration with Nuvei and partners' new e-commerce solution for merchants.
Canadian fintech Nuvei has launched payment settlement using stablecoin for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and card issuer Visa are its partners in the blockchain-based solution.
Latam merchants participating in the Nuvei solution will be able to use a physical or virtual Visa card to make payments in stablecoin from a digital wallet. BitGo will provide digital asset custody.
The service will be available anywhere Visa is accepted. It will provide faster cross-border transactions, reduced complexity and improved operational liquidity compared with traditional payment rails, according to a statement.
