{"id":458910,"date":"2022-06-07T13:15:00","date_gmt":"2022-06-07T10:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/checkout-com-launches-24-7-stablecoin-settlement-in-partnership-with-fireblocks\/"},"modified":"2022-06-07T13:15:00","modified_gmt":"2022-06-07T10:15:00","slug":"checkout-com-launches-24-7-stablecoin-settlement-in-partnership-with-fireblocks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/checkout-com-launches-24-7-stablecoin-settlement-in-partnership-with-fireblocks\/","title":{"rendered":"# Checkout\u200b.com launches 24\/7 stablecoin settlement in partnership with Fireblocks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a261d2ae63ce\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a261d2ae63ce\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/checkout-com-launches-24-7-stablecoin-settlement-in-partnership-with-fireblocks\/#%E2%80%9D_Checkout%E2%80%8Bcom_launches_247_stablecoin_settlement_in_partnership_with_Fireblocks_%E2%80%9C\" >&#8221; Checkout\u200b.com launches 24\/7 stablecoin settlement in partnership with Fireblocks  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Checkout%E2%80%8Bcom_launches_247_stablecoin_settlement_in_partnership_with_Fireblocks_%E2%80%9C\"><\/span>&#8221; Checkout\u200b.com launches 24\/7 stablecoin settlement in partnership with Fireblocks  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOGQyM2I4ZjUtMGNkOC00MmZmLTg5MTEtYzYzZTFhOGQ2YjY3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>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 \u2014 potentially widening the use cases of stablecoins within e-commerce.\u00a0<\/p>\n<p>The stablecoin settlement system centers around Circle\u2019s 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. <\/p>\n<p>The settlement system leverages payout <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> developed by crypto infrastructure provider Fireblocks. Through its beta program with Fireblocks, Checkout.com settled over $300 million in USDC transactions. <\/p>\n<p>Initially, Checkout.com\u2019s stablecoin settlement system will only support USDC, although there are plans to offer a wider range of assets over time.\u00a0<\/p>\n<p>Ran Goldi, Fireblocks\u2019 vice president of payments, told Cointelegraph that blockchain technology can significantly improve payments flow for merchants. \u201cTraditionally, payments are really fragmented, slow, and expensive,\u201d Goldi said. \u201cThis first step to settle merchant payouts with stablecoins is just a small part of what we can do in the payments space.\u201d<\/p>\n<p>Goldi continued: \u201cCrypto merchants have now become very scaled, compared with just five years ago when crypto merchants did not really exist. The increased demand from merchants to receive payouts in stablecoins shows their willingness to keep their funds and interact with their vendors and counterparties in crypto.\u201d<\/p>\n<p><iframe loading=\"lazy\" title=\"What are stablecoins, and how do they work?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/fdPmjHtQ5aM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>Rebranded in 2012 as a cloud-based payments solution, Checkout.com has pivoted strongly into digital assets and Web3, having entered into partnerships with major crypto players, including Coinbase, Crypto.com, FTX and MoonPay. As reported by Cointelegraph, the company closed a $1 billion <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> D investment round in January at a valuation of $40 billion.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?<\/em><\/strong><\/p>\n<p>Although crypto has emerged as a new asset class for investors, its utility as a medium of exchange is considered vital for mainstream adoption. Dollar-pegged stablecoins have become viable alternatives in emerging markets where access to U.S. dollars is limited due to capital controls or sanctions, and where the local currency is losing its purchasing power due to hyperinflation.\u00a0<\/p>\n<p>Jess Houlgrave, Checkout.com\u2019s head of crypto strategy, told Cointelegraph that cryptocurrency adoption among merchants marks \u201ca legitimate transition from the early adoption phase to one that\u2019s more practical, pragmatic and positive overall.\u201d She further explained:<\/p>\n<blockquote><p>&#8220;This transition means there\u2019s a groundswell in demand for fintech companies that can provide easy-to-deploy solutions and services to get merchants up and running with crypto payment options \u2014and then help them optimize the process over time.&#8221;<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/checkout-com-launches-24-7-stablecoin-settlement-in-partnership-with-fireblocks\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Checkout\u200b.com launches 24\/7 stablecoin settlement in partnership with Fireblocks &#8220; 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 \u2014 potentially widening the use cases of stablecoins within e-commerce.\u00a0 The stablecoin settlement system centers around Circle\u2019s USD Coin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":458911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvOGQyM2I4ZjUtMGNkOC00MmZmLTg5MTEtYzYzZTFhOGQ2YjY3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74889,75493,82350,117],"class_list":["post-458910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-payments","tag-stablecoin","tag-usd-coin","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=458910"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/458911"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=458910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=458910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=458910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}