Checkout.com, an international fintech and payments company, has announced it will use stablecoins to settle payments for its merchants. The startup, which competes with PayPal and Stripe, announced it will debut a feature that will allow businesses to accept and make payments in USD Coin, a popular stablecoin tethered to the US dollar. Checkout.com announced that it has partnered with Fireblocks, a crypto security organization, to offer the new payment method. By using this feature, retailers will be able to settle payments even on weekends and holidays, which cannot currently be done using fiat currencies.
$40 Billion Payments Giant Checkout.com Starts Accepting Stablecoins in Major Crypto Push