Payments infrastructure service Worldpay announced Wednesday that it will enable small businesses to receive payments in USDC stablecoin.
Worldpay’s parent company, FIS, said in a statement that it is collaborating with Circle on the project and that the project will provide both local and traditional businesses an opportunity to meet the stablecoin. Crypto.com added that it will act as a pilot client.
FIS stated that for traditional merchants and other companies, receiving payments in stablecoins can help digital assets adoption by enabling them to experiment with cryptocurrency in a less volatile and less contact environment.
The project highlights the growing interest in connections between fiat and crypto-native payment systems.
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