Rapyd Introduces Stablecoin Payments For Customers

Rapyd is launching its own stablecoin payment solutions for worldwide customer base, according to the company’s pressroom. The fintech and card acquiring platform has joined other leading actors to modernize global payments.

The company, currently servicing some of the world’s most well known brands, including Uber, Booking.com, Microsoft and others, recently revealed it will be integrating stablecoins alongside its existing suit of services for fund transfers across multi-currency business accounts, payouts, and card acquiring operations.

Co-founder and CEO Arik Shtilman expressed:

“Stablecoins have moved from early-stage concept to global utility, and companies need partners who can bridge digital assets with real-world business needs. Rapyd’s role is to strip away the complexity, integrate stablecoins into global money movement, and give businesses more control over how and when they move funds.”

General Manager David Rosa added:

“Enterprises are under pressure to manage liquidity in real time while navigating multiple currencies and jurisdictions. Our Stablecoin Payment Solutions are built to remove those barriers. By combining stablecoin rails with our existing treasury, payout, and settlement infrastructure, we give CFOs and operations teams the ability to move funds instantly, reduce FX exposure, and cut out unnecessary intermediaries. It’s about taking what has been a fragmented, complex process and turning it into a single, reliable platform for global money movement.”

Their API-based platform and wallet services is a competitor to Stripe and PayPal, with the latter already deeply involved in the stablecoin space after the Bridge acquisition in October of 2024 and PayPal’s own stablecoin issuance back in August of 2023.

Servicing customer in over 100 countries, as well as being founded on the principal difficulty of having to deal with high FX fees, this will increase optionality and transfer times for the receipt of funds to global e-commerce businesses and companies .

Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct due diligence at all times.

This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please find it below.

Source(s): https://www.rapyd.net/company/news/press-releases/stablecoin/

https://newsroom.paypal-corp.com/2023-08-07-PayPal-Launches-U-S-Dollar-Stablecoin