Rapyd introduces stablecoin payment services

Global fintech company Rapyd has launched its Stablecoin Payment Solutions, aimed at providing businesses with an option for handling transactions through stablecoins.

The service is designed to address the challenges of volatile currencies, slow settlement times, and complex treasury operations faced by companies.

With Rapyd's integrated approach, businesses can now accept payments, settle transactions, and manage payouts using stablecoins, thereby reducing the reliance on multiple systems or intermediaries.

The solution is crafted to support enterprises that require consistent and swift cross-border payment capabilities, the fintech firm said in a press release.

The solutions are expected to benefit a variety of business operations.

Global enterprises can expect quicker payouts, while platforms and marketplaces might experience decreased foreign exchange risks.

Additionally, for those within the creator economy, it offers the possibility to receive payments tied to stable currency values.

Rapyd CEO and co-founder Arik Shtilman said: “

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.”

Rapyd Scale Business Unit general manager David Rosa stated: “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.”

Rapyd has offices in London, Tel Aviv, Dubai, Iceland, Amsterdam, San Francisco, Miami, Hong Kong, and Singapore.

"Rapyd introduces stablecoin payment services " was originally created and published by Electronic Payments International, a GlobalData owned brand.

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