ChainCatcher news, according to official sources, payment giant Mastercard has announced the launch of a "comprehensive" stablecoin payment solution, supporting its global 150 million merchants to accept stablecoin payments.Mastercard will collaborate with payment processor Nuvei and stablecoin issuers Circle and Paxos to create a seamless payment ecosystem. Mastercard's Chief Product Officer Jorn Lambert stated that the company believes in the potential of stablecoins to simplify payments and commerce.

ChainCatcher news, Canadian fintech company Nuvei Corporation has launched a blockchain-based payment solution for merchants across Latin America (LATAM). This solution utilizes stablecoins to simplify global transactions.The new solution allows businesses to make payments using stablecoins with Visa-supported physical or virtual cards.

ChainCatcher news, payment technology company Nuvei announced that its cryptocurrency-related revenue for the fourth quarter of 2022 was $19.2 million, a decrease of 58% year-over-year. Nuvei's total revenue for the fourth quarter was $220.3 million, an increase of 4% year-over-year. Nuvei stated that the company's revenue was adversely affected by foreign exchange rate fluctuations as well as the volatility of digital assets and cryptocurrencies.It is reported that Nuvei is a Canadian fintech company whose technology platform allows merchants and partners to accept payments and enables their customers to transact using hundreds of alternative payment methods and various cryptocurrencies. (source link)