Checkout.com Merchants Can Accept and Make Payments in USDC
The financial technology company Checkout.com announced that it will allow merchant settlements using the Stablecoin USDC via a partnership with the crypto firm Fireblocks.
Checkout.com detailed that in a beta test with select clients, the company settled $300 million in transaction volume leveraging the USDC Stablecoin.
Checkout.com has announced it will be utilizing USDC for merchant settlements. Checkout.com founded in 2009 by Guillaume Pousaz said it will allow businesses to make payments in and accept Circle's Stablecoin USD Coin (USDC)
Checkout.com's new Stablecoin settlement service is through a partnership with the firm Fireblocks, a crypto custody service provider that just launched an institutional suite of Web3 services.
Also, Company announced Coins.ph partnered with Fireblocks and revealed the flat and crypto wallet service provider will integrate Fireblock's custody management into Coins.ph's platform Ran Gold, Fireblock's vice president of payments explained that Checkout.com's new USDC payment service will allow much faster settlement times during non-banking hours.
Merchant payouts are limited to 9-5 on weekdays. excluding public holidays and are further delayed through batch processing over several business days Goldi said on Tuesday "Checkout.com's weekend settlement menas that merchants are no longer restricted by arbitrary settlement times."