Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It
With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Rain facilitates stablecoin payments that settle through Visa’s payment network in about three days, according to the report. More than 100,000 merchants currently receive those payments without knowing they are […] The post Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It appeared first on PYMNTS.com .
With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Rain facilitates stablecoin payments that settle through Visa’s payment network in about three days, according to the report. More than 100,000 merchants currently receive those payments without knowing they are […] The post Rain CEO Says Merchants Receive Stablecoin Payments Without Knowing It appeared first on PYMNTS.com .