Circle and Volante partner to help banks integrate stablecoins into payment operations

This partnership between Circle and Volante signals a major shift in how the money for your customer financing might eventually move. While it sounds like high-level banking tech, the goal is to make 'stablecoins' like USDC a standard part of everyday banking. For retailers, this could eventually mean faster settlement times. Instead of waiting days for a financed transaction to clear through traditional banking rails, these digital dollars move almost instantly, 24/7. Currently, most consumer financing relies on the ACH system or credit card networks, which can be slow and involve multiple intermediaries. By integrating stablecoins into standard payment hubs, banks are preparing for a future where cross-border payments and merchant settlements happen in real-time without the volatility usually associated with crypto. You won't necessarily need to know your way around a digital wallet to benefit. The backend infrastructure is being built so that digital currency feels just like a standard wire transfer or deposit, but with significantly lower friction and higher speed. As this matures, expect to see new 'instant pay' features appearing in the dashboards of your lending partners.

Source: Finextra — Lending

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