Giving merchants faster access to their settlement funds and cross-border agility via blockchain technology.
DIMOCO an Austrian licensed payment institution and principal member of Visa and Mastercard, has introduced stablecoin settlement, allowing merchants to receive funds directly into a digital wallet.
Stablecoin settlement provides an alternative route that is not limited by traditional banking hours and settlement cycles. Using blockchain technology, funds can move faster and across borders with greater ease, giving merchants greater flexibility over when and where they access and manage their money.
The solution does not affect the checkout experience. Customers can continue paying using the payment methods they already know and in their local currency.
“Settlement infrastructure should not determine how quickly, where or even whether a business can operate,” said Clemens Leitner, CEO at DIMOCO. “Stablecoin settlement gives merchants access to infrastructure that allows money to move faster while removing barriers that can limit how they operate and grow across markets.”
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Stablecoin settlement is embedded into DIMOCO’s offering and is made available via a partnership, with Fipto (https://www.fipto.com/), a MiCA-regulated crypto-asset service provider, providing the stablecoin infrastructure for this service.
The solution offers settlement in EUR and USD stablecoins, which are designed to maintain a stable value relative to the euro and US dollar.
“The infrastructure behind payments is changing,” said Patrick Mollard, Co-founder & CEO of Fipto. “Stablecoin infrastructures have become more widely integrated, giving businesses new ways to move, receive and manage money. Through this collaboration, DIMOCO is bringing this capability to its merchants today.”
Stablecoin settlement opens a new way for merchants to receive and manage their funds. By moving beyond traditional settlement cycles, businesses gain greater agility to operate across markets and access the infrastructure they need to launch services, operate across borders and into new markets.
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