Simplex operates a service that allows users to convert regular currency to cryptocurrency using credit and debit cards. The company processed total volume of about US$500 million last year and expects to process more than US$2 billion in 2021. (The Logic)
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Simplex operates a service that allows users to convert regular currency to cryptocurrency using credit and debit cards. The company processed total volume of about US$500 million last year and expects to process more than US$2 billion in 2021. (The Logic)
Talking point: The Simplex purchase is the latest in a string of acquisitions by Nuvei. Last month, the company announced it was buying Mazooma, a gaming and sports-betting provider based in the U.S. Nuvei’s crypto bet comes as digital currencies gain broader acceptance, with companies like Robinhood and Square making them an increasingly important part of their businesses.
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