Despite the bear market, $40 million fintech firm Chechkout.com has turned its eyes to new crypto payment products.
The London-based company is preparing to launch a new payment method in crypto. In this method, it aims for workers to receive their payments in crypto in a digital wallet. According to Checkout.com crypto operations manager Jess Houlgrave, investors may be more willing to accept crypto for online payment.
Houlgrave added:
At least one of these two by the end of the year; so we’re going to have some investors that either make payments in crypto or are piloting accepting payments in crypto.
London-based fintech company Checkout.com has been working with crypto companies since 2018 to pave the way for payment in cryptocurrencies. The company’s operations manager, Jess Houlgrave, stated that the company works with 12 of the 15 largest cryptocurrency exchanges.
The company has doubled down on its crypto efforts this year. With Checkout.com handling the mechanics, the employer developed a card payment method for their customers in the form of stablecoins. Such a payment method could be particularly useful for crypto firms that often manage their finances using stablecoins. Houlgrave said Checkout.com had secured $300 million in stablecoins before announcing the product, and now it’s several times more.
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