Bolt Adds Stablecoins for Retail Marketplaces
Bolt, a leading checkout and payments platform, has introduced stablecoin payments to its marketplace network. This integration allows marketplaces and retailers to process transactions using USD-pegged stablecoins, offering a digital payment alternative suited for the evolving needs of online commerce.
The Retailer & Marketplace Advantage
Faster Payouts, Lower Costs
By accepting stablecoins, marketplaces on the Bolt network can complete settlements quickly, often in near real-time. This speed reduces the delays common in traditional payout systems. Additionally, stablecoin transactions typically involve lower fees compared to conventional cross-border payment methods, improving operational margins for retailers and marketplace operators.
Easier Global Selling
Stablecoins simplify international selling by removing some traditional banking barriers. Merchants can receive payments without relying on multiple currency conversions or facing delays associated with correspondent banking. Bolt’s integration also standardizes payment processing across regions, making global retail operations more manageable.
Improving the Global Shopper Experience
Consumers benefit from faster checkouts and payments that are accepted worldwide without extra foreign transaction fees. Shoppers can transact instantly using digital dollars, bypassing the need for traditional banking services in many cases. This improves accessibility and convenience for cross-border customers shopping on marketplace platforms powered by Bolt.
Why Stablecoins Now?
The adoption of stablecoins by Bolt reflects a broader trend among payment providers incorporating digital currencies to meet growing demand for efficient, borderless transactions. As retailers and marketplaces seek increased agility and cost savings, stablecoins are becoming a viable solution in the retail payments landscape.
