Checkout.com Announces Sellers Can Accept And Pay In USDC

Checkout.com Announces Traders Can Accept and Pay in USDC – Bitcoin News

On Tuesday, fintech company Checkout.com announced that it will allow merchant settlements using the USDC stablecoin through a partnership with crypto firm Fireblocks. Checkout.com also revealed that in a beta test with select customers, the company decided on $300 million in trading volume by leveraging the USDC stablecoin.

Checkout.com Leverages Stablecoin USDC

Checkout.com has announced that it will use USDC for merchant deals. Founded in 2009 by Guillaume Pousaz, the company said it will allow businesses to make and accept payments with Circle’s stablecoin usd coin (USDC). Checkout.com’s new stablecoin swap service is implemented through a partnership with firm Fireblocks, a crypto custody service provider that has just launched an institutional suite of Web3 services.

On the same day as the Checkout.com announcement, Coins.ph partnered with Fireblocks and announced that fiat and crypto wallet service provider Fireblocks will integrate custody management into its Coins.ph platform. Ran Goldi, Fireblocks vice president of payments, announced that Checkout.com’s new USDC payment service will enable much faster checkout times and non-banking hours.

“Traditionally, merchant payments are limited to 9-5 weekdays excluding public holidays and are further delayed by batch processing for several business days,” Goldi said on Tuesday. Said. “Checkout.com’s weekend payout means merchants are no longer constrained by arbitrary payout periods.”

The announcement also states that certain Checkout.com customers are already testing the new USDC feature in the beta version of the service. “During beta, Checkout.com has successfully tested, developed and optimized ways for customers to pay online fiat transactions to merchants via USDC,” the company’s announcement said. Jess Houlgrave, head of crypto strategy at Checkout.com, believes stablecoins offer several advantages.

“Stablecoins started as a fiat asset used by crypto traders to easily enter and exit more volatile crypto assets, but we believe they will also play a fundamental role in improving the underlying payments environment,” Houlgrave said. “The fact that we are the first full-stack payments provider to successfully pilot an end-to-end solution with weekend merchant-side consensus capability is testament to our commitment to crypto.”

Tags in this story

beta testing, checkout.com, Checkout.com crypto, Circle, Coins.ph, crypto custodian, Fireblocks, Fireblocks Services, corporate Web3 services, Jess Houlgrave, Ran Goldi, select clients, Stablecoin payments, Stablecoins, usd coin, USDC , USDC test, weekend placement

What do you think of Checkout.com, which uses USDC for payment services? Let us know what you think about it in the comments section below.

Jamie Redman

Jamie Redman is a News Editor at Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols that emerged today.




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