{"id":4758,"date":"2022-06-07T22:38:38","date_gmt":"2022-06-07T22:38:38","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=4758"},"modified":"2022-06-07T22:38:38","modified_gmt":"2022-06-07T22:38:38","slug":"checkout-com-starts-offering-merchants-24-7-settlements-via-usdc","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4758","title":{"rendered":"Checkout.com starts offering merchants 24\/7 settlements via USDC"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/> \ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions!<\/p>\n<p>Checkout.com, an online payment service provider, has rolled out a stablecoin settlement solution using Fireblocks\u2019 new crypto payment technology that allows merchants to accept or make payments round-the-clock.<\/p>\n<p>Fireblocks is a provider of a platform that allows enterprises to move, store, and issue digital assets.<\/p>\n<p>Checkout.com is the first payment service provider to offer merchants automatic fiat-to-stablecoin conversion, according to a June 7 press release.<\/p>\n<p>The payment service provider will initially support USD Coin (USDC), the second-largest stablecoin by market capitalization. However, the company said that it plans to embrace more digital assets over time.<\/p>\n<p>Head of Crypto Strategy at Checkout.com Jess Houlgrave said:<\/p>\n<p>\u201cStablecoins started as a fiat-denominated asset used by crypto traders to easily move in and out of more volatile crypto assets, but we believe they will also play a fundamental role in improving the underlying payment landscape.\u201d<\/p>\n<p>Explaining how the stablecoin settlement solution will impact merchants, Fireblocks Vice President of Payments Ran Goldi said:<\/p>\n<p>\u201cTraditionally, merchant payouts are limited to 9-5 on weekdays excluding public holidays and are further delayed through batch processing over several business days. Checkout.com\u2019s weekend settlement means that merchants are no longer restricted by arbitrary settlement times.\u201d<\/p>\n<p>Before this launch, Checkout.com ran a beta program for the USDC settlement feature. The beta program saw the company handle a settlement volume of over $300 million in USDC.<\/p>\n<p>Checkout.com now seeks to launch the product globally, with FTX being among the first firms to use it.<\/p>\n<h2>An increasing appetite for crypto<\/h2>\n<p>The news comes after Checkout.com published its report titled \u201cDemystifying Crypto: Shedding light on the adoption of digital currencies for payments in 2022.\u201d<\/p>\n<p>The report noted that 40% of consumers aged 18-35 years plan to use cryptos and stablecoins to pay for goods and services, with 36% of the CFOs surveyed in the report stating said they would like to settle some payments in stablecoins and hold them on their balance sheets.<\/p>\n<p>The increasing appetite for stablecoins comes as B2B transactions involving stablecoins continue gaining popularity among businesses, according to the report.<\/p>\n<p>Previously, Stripe, a Checkout.com rival, resumed Bitcoin (BTC) payments after suspending the service four years ago. The company also rolled out a crypto payout feature that supports USDC payments for Twitter creators.<\/p>\n<p>Meanwhile, financial watchdogs are increasingly trying to regulate stablecoins following the implosion of TerraUSD (UST). In the past week, Japan passed a bill that limits the issuance of stablecoins to licensed banks, registered money transfer agents, and trust companies. The legislation comes into effect in 2023.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/checkout-com-starts-offering-merchants-24-7-settlements-via-usdc\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udc4b Want to work with us? CryptoSlate is hiring for a handful of positions! Checkout.com, an online payment service provider, has rolled out a stablecoin settlement solution using Fireblocks\u2019 new crypto payment technology that allows merchants to accept or make payments round-the-clock. Fireblocks is a provider of a platform that allows enterprises to move, store, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-4758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4758"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4758\/revisions"}],"predecessor-version":[{"id":4760,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4758\/revisions\/4760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4759"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}