Bolt, the Payment and Payments platform based in San Francisco, said on Friday that it has added support for Payments in Stablecoin, a movement destined to rationalize cross -border trade for markets and merchants using its network.
The addition is part of Bolt Connect, a new product focused on helping digital markets quickly by automating the incorporation, fulfillment and payments of merchants.
For merchants, receiving Stablecoin payments means less bank intermediaries, faster agreements and lower transaction costs, the company explained the initiative in the press release. Consumers can also benefit: a buyer without a bank account or buy in a store worldwide can instantly pay using digital dollars without incurring foreign transactions rates or waiting for the authorizations of the credit card.
“The markets should not have to choose between scale and simplicity,” said Ryan Breslow, founder and Bolt CEO. “With Bolt Connect, we are giving you the tools to grow without the usual technical load, while Stablecoin’s support opens the door to faster and borders for everyone on the network.”
BOLT is the last example of global payment companies such as Mastercard, Visa and Stripe Racing to adopt Stablecoins, a type of digital currency with prices anchored to an external asset such as Fiat coins, in their offers. It is a class of $ 260 billion assets and rapidly growing that promises programmable transactions and cheaper and cheaper cross -border payments than through traditional bank channels. The adoption is expected to accelerate after the United States Senate approved the Genius Law to regulate the stable sector.
The Bolt Stablecoin initiative occurred immediately after debuting its financial “surf” that allows users to maintain, send and receive cryptocurrencies, including stablecoins within the application.
