Jean-François Rochet, VP of International Development at Ledger, also emphasized Ledger Live’s role as the gateway for digital assets and Web3 and spoke about broadening its on-ramp offering. With the number of possible verified uses of crypto in the ecosystem ever increasing, having easy onramps within the wallet is key for the continued growth of the sector.”

“We’re excited to partner with Ledger to let more and more users easily acquire crypto with maximum security. Philip Fayer, Chair and CEO of Nuvei, commented, The acquisition offered Nuvei future banking capabilities since Simplex is an electronic money institution (EMI) licensed company in the European Union. In May last year, Nuvei purchased Simplex for $250 million in cash.

Ledger, on the other hand, will be tasked with onboarding additional users and offering value for Ledger and Ledger Live users. Simplex will guarantee protection against inconveniences such as chargebacks and fraud. It will allow the dodging of additional steps of interacting with platforms and briefly abandoning the device’s security. The integration will eliminate the need for external exchanges and fiat-to-crypto payment gateways by maximizing security. Ledger users, with the help of Ledger Live, will be able to purchase cryptocurrencies through payments processors – Visa, Mastercard, SEPA, SWIFT, and over 100 other fiat funding options for different local currencies. In a press release shared with CryptoPotato, Nuvei said the move will allow direct on-ramps for more than 125 cryptocurrencies with all the leading fiat funding options via its recently acquired payment solution provider, Simplex. Canadian payments technology firm, Nuvei, is teaming up with the prominent hardware wallet provider, Ledger.

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