Nuvei Releases In-depth Research on Cryptocurrency’s Future as a Payment Method
Nuvei Corporation (Nasdaq: NVEI) has released a new white paper titled Mystery to Opportunity: The Future of Crypto Payments, focusing on the increasing role of cryptocurrencies in eCommerce. The paper reveals that crypto payments currently account for about $6 billion of the $10 trillion global eCommerce market, highlighting an ongoing market inflection point. CEO Philip Fayer emphasizes that technological innovations, including NFTs and stablecoins, are driving the mainstream adoption of crypto payments, which is anticipated to evolve significantly over the next three to five years. The white paper is available for download on Nuvei's website.
- The white paper reflects strong market potential with crypto payments currently at $6 billion, indicating growth opportunities.
- Nuvei forecasts significant evolution in crypto payments over the next three to five years, suggesting a proactive stance in the evolving market.
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MONTREAL, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has today announced the release of its latest white paper, Mystery to Opportunity: The Future of Crypto Payments. It uncovers detailed facts and compelling statistics on cryptocurrencies as a viable payment method in eCommerce.
This whitepaper deep dives into the current and future use cases of crypto, dispels the most common misconceptions of digital currencies, and explores which likely scenarios will tip crypto into mainstream usage. It also analyses the significant uptick in technological innovations such as non-fungible tokens (NFTs), stablecoins, and central bank digital currencies (CBDCs), expanding the horizon of possibilities for merchants and consumers.
The white paper’s data shows that crypto payments within eCommerce are still nascent today, representing approximately
“At Nuvei, we’re big believers in innovation to provide choice and convenience to consumers,” explains Philip Fayer, Nuvei's Chair and CEO. “In the last year, innovation around digital currencies has accelerated. With the rise of NFTs and stablecoins, regulatory, technological, and corporate adoption drivers are creating catalysts for accelerated crypto payments acceptance.”
Nuvei’s comprehensive white paper forecasts waves of crypto evolution and adoption to disrupt and accelerate crypto payments in the coming three to five years. The paper closes with a future vision for how mainstream adoption could develop, with the objective of illustrating the future possibilities held by crypto payments.
The white paper, Mystery to Opportunity: The Future of Crypto Payments, can be downloaded from the Nuvei site here.
About Nuvei
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
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