Checkout.com has announced that it will provide merchants with a real-time fiat-to-stablecoin exchange service through Fireblock’s crypto payment platform.
The announcement comes after Fireblocks acquired First Digital in a transaction aimed at enabling support for business-to-consumer payments via USD Coin and Celo.
Fireblock’s vice president of payments, Ran Goldi, noted that Checkout.com’s weekend settlement would enable users to have longer transaction time. Goldi adds that the step is a deviation from the usual 9-5 merchants’ payouts.
Checkout.com has completed a beta test for customers to benefit from fiat transactions using merchants’ payment options with USDC. The beta program has seen the company enable over $300 million in settlements.
Payments companies are currently moving to offer users cryptocurrency payment options aside from the fiat alternative. Stripe announced in April that it would facilitate cryptocurrency payments through the Polygon network.