Checkout.com Introduces Stablecoin Settlements with Fireblocks

Jun 7th, 2022Product
  • Checkout.com collaborates with Fireblocks to provide merchants with stablecoin settlement solutions, allowing 24/7 access to funds including weekends and holidays.

  • The solution utilizes USDC, achieving over $300 million in settlements in the private beta program, enhancing liquidity and reducing operational complexity.

  • Fireblocks' expansion into payments with Checkout.com marks the entry of their new crypto payment technology to the PSP market.

  • Plans to broaden the assets range for settlement are underway, and prominent businesses like FTX are already integrating these solutions.

  • The innovation aligns with the findings from Checkout.com's 'Demystifying Crypto' report demonstrating a growing interest in stablecoins among finance leaders.