San Francisco-based Bolt has announced the introduction of stablecoin support into its payment system. This update aims to ease international trade for marketplaces and merchants using Bolt.
Bolt Connect Simplifies Digital Marketplace Operations
Bolt Connect is a new product that aids digital marketplaces in operating more efficiently. The platform automates crucial tasks such as merchant onboarding, compliance, and payouts, allowing marketplaces to grow without being hindered by complicated processes. With the introduction of stablecoin payments, Bolt enhances the experience further for buyers and sellers globally.
Easier Payment Acceptance for Merchants
Merchants using Bolt's platform can now accept payments in stablecoins, significantly speeding up fund reception. They no longer need to rely on banks, gaining quicker access to their funds through the app. This is particularly beneficial for businesses selling across borders, as they do not face the challenges of exchange rates or international bank delays.
Growing Popularity of Stablecoins in Payment Industry
Bolt’s step is part of a rising trend in the payments and e-commerce sector. Many fintech companies are turning to stablecoins to facilitate quicker and cheaper global payments. Several major firms are already implementing similar solutions, indicating the increasing popularity of digital payments utilizing stablecoins.
The introduction of stablecoin payments on the Bolt platform increases accessibility and simplifies international trade, aligning with overall trends in the payment system.
