Partior and OpenAssets PoC proves stablecoins and tokenised deposits can settle atomically

This breakthrough in 'atomic settlement' means the technology for instant, 24/7 payment clearing between different types of digital currencies is now a reality. For retailers and service providers, this is the first step toward a future where consumer payments—whether made via stablecoin, digital wallet, or traditional bank transfer—hit your business account instantly without the typical multi-day waiting period. Currently, when a customer pays using a financing platform or a digital asset, there is often a lag while banks manually reconcile the books. This proof of concept by Partior and OpenAssets proves that tokenized deposits and stablecoins can be exchanged simultaneously. This removes 'settlement risk,' which is the danger that one party sends money but the other doesn't receive the asset. For your business, this tech will eventually lower transaction costs by removing intermediaries and improving your daily cash flow. While this is currently at the infrastructure level, it paves the way for a more seamless 'buy now, pay later' experience where the merchant is funded the second the consumer clicks 'confirm,' regardless of what bank or currency they use.

Source: Finextra — Lending

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