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Crypto Payment Provider Simplex Acquired for $250 Million by Nuvei

According to the publicly-listed Canadian company, Nuvei will use this opportunity to enhance their alternative payment method solutions portfolio. Simplex offers fiat-to-crypto on and off-ramp services and could definitely help in this regard.

According to Simplex, they processed “processed approximately $500 million of total volume” last year. This makes them one of the fastest-growing crypto solutions startups.

Philip Fayer, Nuvei’s Chair and CEO shared his remarks.


Source: Cryptocurrency - investing.com

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