Bolt, a San Francisco-based checkout and payments platform, has recently introduced stablecoin payments to its system. This update aims to simplify cross-border commerce for marketplaces and merchants using Bolt. The company said this move is part of a larger product called Bolt Connect. It helps digital marketplaces grow more quickly and manage their operations more efficiently. Bolt Connect Makes Global Marketplace Faster with Stablecoins Bolt Connect is a new product that helps digital marketplaces operate more efficiently. The platform handles essential tasks such as merchant onboarding, compliance, and payouts. These tasks typically require time and effort. However, Bolt Connect does them automatically. This helps marketplaces grow without getting slowed down by complicated steps. With the introduction of stablecoin payments, Bolt is making the process even smoother for sellers and buyers worldwide. Stablecoins, which now have a total supply of over $200 billion , are digital currencies tied to real-world currencies, such as the US dollar. This provides them with stability, unlike other cryptocurrencies that can fluctuate in value rapidly. Stablecoin payments enable merchants to receive their funds faster, with lower fees and reduced waiting time. This differs from regular payments that typically go through banks and other services, which can take days and incur additional costs. Stablecoins avoid many of these steps, making payments quicker and simpler for everyone. Bolt Makes Global Shopping Easier with Digital Dollars Merchants using Bolt’s platform can now accept payments in stablecoins, making it easier and faster to receive funds. They no longer have to rely on banks and can access their funds more easily through the app. This is especially helpful for businesses that sell across countries, since they do not have to deal with exchange rates or delays from international banks. Bolt revealed that using stablecoin payment on Bolt Connect is not just for merchants. Shoppers worldwide, who lack access to traditional banking or credit cards, can pay with digital dollars on the Bolt Connect platform. Interestingly, there are no foreign transaction fees or long waits, making online shopping faster and easier for everyone. Stablecoin Payment Goes Mainstream Bolt’s move is part of a growing trend in the payments and e-commerce industry. More fintech companies are beginning to utilize stablecoins to facilitate faster and cheaper global payments. PayPal has launched its stablecoin, and Shopify now lets merchants accept crypto and stablecoin payments. Most recently, Visa expanded stablecoin payments across Central and Eastern Europe, the Middle East, and Africa (CEMEA) with Yellow Card. This indicates that digital payments using stablecoins are gaining popularity as businesses seek simpler methods for sending and receiving money across borders. The post Bolt Launches Stablecoin Payments to Boost Global E-Commerce appeared first on TheCoinrise.com .
