Payment company Nuvei reported cryptocurrency-related revenue of $19.2 million in the fourth quarter of last year, a year-on-year decrease of 58%

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)