$40 billion payments giant Checkout.com leaps into crypto with stablecoin payments feature

Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins. Stablecoins are a key part of the crypto market, helping investors trade in and out of digital currencies rapidly without having to go through banks. The start-up competes with the likes of PayPal and Stripe, which recently launched its own stablecoin payments feature. The feature will allow merchants to settle payments even on weekends and public holidays, something that's not currently possible with fiat currencies, an official says. Checkout.com said it has tested the feature privately with select clients, facilitating $300 million in transaction volumes. Source