Nuvei has launched a blockchain-based payment solution for merchants across Latin America, saying it enables these businesses to make faster cross-border B2B payments and settlements. The new solution allows businesses to use a Visa-supported physical or virtual card to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted, the company said in a Wednesday (Dec. 4) press release. Nuvei’s new blockchain-based payment solution is offered in collaboration with Visa, vertically integrated issuing partner Rain, and digital asset custodian and wallet solutions provider BitGo, according to the release

Paymentology, a leading global issuer-processor, today announces its partnership with Rain, a leading corporate spend management platform that specialises in catering to international companies and companies in the digital asset and Web3 space. The collaboration is a first for the fintech industry with the launch of a new payment solution for digital asset businesses throughout the Caribbean and Latin America.Founded in 2021, Rain has quickly emerged as the go-to platform for Web3 entities. It’s designed to accommodate the unique governance and operation models of Web3 teams while allowing them to take advantage of fiat interoperability and payment acceptance at merchants across the globe.Paymentology is Rain’s issuer processing partner, and its cloud-first card issuing and analytics platform is powering Rain’s physical and virtual Visa® credit cards. These cards play a pivotal role in enabling the integration of digital assets within the fiat ecosystem.Through this strategic partnership, Rain empowers businesses with true interoperability, offering an industry first solution that allows companies to instantly spend their digital assets. This is made possible by Rain’s settlement technology and on-chain infrastructure, in conjunction with the support of Paymentology’s proven next-generation solutions.Initially focusing on the Latin America and Caribbean (LAC) region, Rain intends to expand further afield into other regions, thanks to Paymentology’s API-first approach, which enables global expansion. Rain’s vision is to become the go to spend management platform for Web3 teams worldwide.This announcement comes as the crypto market continues to surge, with Latin America experiencing an unprecedented boom in digital currency adoption