Cashi launches stablecoin app

Cashi has launched a new app and card in public beta that allows users to hold stablecoins and spend them exactly like traditional cash at any merchant. This tool bridges the gap between digital assets and daily retail transactions. For retailers, this means a growing segment of consumers who hold wealth in stablecoins now has a seamless way to spend that capital in your store or online without you needing to overhaul your existing point-of-sale infrastructure. The app operates by converting stablecoins into usable currency at the moment of purchase via a dedicated card. This is significant for operators because it reduces the friction typically associated with alternative payment methods. You don't have to learn how to manage a crypto wallet or deal with the volatility of Bitcoin to accept these payments. If you accept standard card payments, you are effectively already set up to capture spend from Cashi users. As consumer financing and payment methods diversify, staying aware of these 'bridge' technologies helps you capture younger, tech-savvy demographics who are moving away from traditional banking institutions.

Source: Finextra — Lending

← Return to the library· Submit a correction