Nuvei partners with Visa to provide Stable Coin payment services for Latin American merchants

The Golden Finance reported that the Canadian financial technology company Nuvei has launched a Settlement service using stable coins for merchants in Latin America. Interoperable platform RAIN, digital custody institution BitGo, and credit card issuer Visa are its partners based on blockchain solutions. Latin American merchants participating in Nuvei's solution will be able to use physical or virtual Visa cards to make payments with stablecoins through digital wallets. BitGo will provide digital asset custody. This service will be available anywhere that accepts Visa. According to a statement, it will offer faster cross-border transactions, lower complexity, and improved liquidity compared to traditional payment methods.