Monat: Juni 2022

Ripple, a prominent business blockchain solutions provider, has partnered with Lunu, a crypto-terminal operator and a payment provider that deals with premium retailers to enable German luxury and high-end retailers to receive payments using cryptos.

With the new partnership, the retailers will be able to exchange cryptos for fiat money where the Ripple Liquidity Hub platform will be used. The platform was created by the Ripple team to aid mass crypto adoption.

The platform can also be integrated on a turnkey basis as well as feature an intelligent order routing that will enable the retailers to receive their digital assets at the best prices. 

Additionally, companies that have integrated the platform will be able to access cryptocurrencies seamlessly across the globe including decentralized and centralized exchanges and also OTC venues.

The combined use of Lunu’s point-of-sale (POS) terminals and RippleNet will also help a great deal in providing opportunities to the luxury and high-end retailers in the United Kingdom and Europe to embrace crypto payments in their stores. 

Ripple in Europe

Ripple has continued to strongly establish its presence in the majority of the continents and after gaining traction in the Middle East, it’s now on its mission to dominate in Europe.

However, 2021 was one of the most successful years for Ripple after it managed to double its transactions on RippleNet, now, the average annual payment volume on the network is $15 billion. Besides, the company’s blockchain and other technological use, in general, have contributed to its expansive partnership networks.

The post Ripple partners with Lunu to expand into the European luxury markets appeared first on CoinJournal.

Checkout.com, a global payments processor currently handling billions in online payments for merchants, has announced a new stablecoin settlement solution that will offer 24/7 payments processing for customers.

The settlement system will be powered by crypto payments technology from blockchain security platform Fireblocks, and will see merchants enjoy seamless and flexible access to cash flow – all in real-time.

The technology, according to details shared by the UK-headquartered company, will offer merchants the benefit of automatic conversion of funds received from customers – in this case from received stablecoin into fiat.

Merchants will also benefit from faster, on-chain and borderless payments settlement.

Initial support for USD Coin (USDC)

Checkout.com will use USD Coin (USDC), a fully collateralized stablecoin pegged on the US dollar and which is currently the second-largest in the sector in terms of market capitalization.

 Checkout.com said it has processed over $300 million via USDC during the new system’s beta program.

Jess Houlgrave, Head of Crypto Strategy at Checkout.com noted that the company was “investing heavily to ensure we can fulfil our mission to enable businesses and their communities to thrive in the digital economy – which we believe includes Web3 and as we see the market reaction, we hope to see more merchants, both crypto native and non-crypto native adopt this.”

Apart from USDC, the firm plans to support other digital assets and has a pilot project involving multiple crypto exchanges and merchants. 

Crypto exchange FTX is reportedly at the forefront of its plans to expand the initiative globally, with other players including Binance and Crypto.com.

The post Checkout.com unveils 24/7 stablecoin settlement solution powered by Fireblocks appeared first on CoinJournal.