Worldpay from FIS announced the launch of a new service that enables merchants to receive settlement in the USDC stablecoin. Note that this is not just that a retailer can accept USDC, but they can be paid by FIS using a stablecoin.
Typically when a merchant signs up with Worldpay to accept credit card payments, they’d receive the money into a bank account.
Potentially this could be attractive to businesses that lack a US Dollar bank account. Merchants outside the U.S. invariably have to convert any U.S. dollars received to a local currency, often losing a significant percentage in the foreign exchange conversion.
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