Global payments infrastructure company Nium has launched a platform that can issue stablecoin-based cards on the Visa and Mastercard networks, Cointelegraph reported on March 30.
Nium is focusing the platform on enabling stablecoin balances to be used at merchants through existing card payment networks.
Nium said it converts stablecoin balances into fiat currency at the time of payment. It then handles settlement, compliance and card network integration. The company said it combined conversion, settlement and compliance functions into a single integrated layer.
Nium said this can speed up the launch of corporate card programs.
It said it expects bundling conversion, settlement and compliance into a single process will cut the time needed to start a stablecoin card program from several months to a few days.
Chi-gyu Hwang
delight@d-today.co.kr