Repay completes stablecoin payments proof of concept

REPAY has successfully tested stablecoin payments on its platform. This moves the industry closer to using blockchain technology for everyday consumer transactions. For retailers and service providers, this means a future where settlement is nearly instant. You won't have to wait days for funds to clear. This technology uses stablecoins, which are digital assets pegged to the U.S. dollar, to avoid the price swings seen in Bitcoin. The successful test shows that existing payment platforms can bridge the gap between traditional banking and digital assets. For your business, this could eventually lower processing fees and eliminate the 'weekend lag' in cash flow. The focus here is on the backend movement of money. Your customers might eventually pay with digital wallets, and you would receive funds with higher efficiency. This is part of a broader trend where payment processors are preparing for a world where digital currency is a standard option at checkout alongside credit cards and financing plans.

Source: Finextra — Lending

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