Cryptocurrency News

Checkout.com launches 24/7 stablecoin settlement in partnership with Fireblocks

06/07/2022

Less than a minute

2022.06.07 16:11

Checkout.com launches 24/7 stablecoin settlement in partnership with Fireblocks

Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time — potentially widening the use cases of stablecoins within e-commerce.

The stablecoin settlement system centers around Circle’s USD Coin (USDC), the second-largest stablecoin by market capitalization, and allows merchants to automatically convert USDC payments into fiat upon receipt. The service will be available to merchants around the clock, meaning payments will be settled on weekends and holidays in addition to regular business hours.

06/07/2022

Less than a minute

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