What to know:
- Stablecoin payments via RedotPay Connect allow merchants to settle in fiat instantly.
- RedotPay says one gateway can cut payment costs by up to 70% for merchants worldwide.
- RedotPay Skill will let AI agents complete stablecoin transactions without payment cards.
RedotPay launched RedotPay Connect at Money20/20 Europe, introducing a merchant gateway for stablecoin payments. The platform allows businesses to accept crypto wallet transfers and receive settlement in local currencies, including USD, EUR, and GBP instantly.
According to the company report, merchants can integrate one way to accept payments from crypto wallets. It claimed this product would help businesses save up to 70% in their processing costs as opposed to the card and banking systems.
Also Read: RedotPay Launches GMC Entity to Boost Stablecoin Payments
Stablecoin Payments Aim to Reduce Merchant Costs
According to RedotPay, the offering will also provide greater merchant access to users of cryptocurrency in global digital markets by enabling stablecoin payments.
Connect is designed to address payment problems that have hindered the use of crypto in commerce. These include high transaction costs, technical complexity, and price volatility linked to digital assets.
The gateway enables merchants to accept stablecoin payments and get settled in the local currency. RedotPay said this model helps businesses serve crypto users without holding or managing cryptocurrencies on their own balance sheets.
The service includes support for big wallets like Coinbase Wallet and MetaMask. That support enables customers to pay with the crypto tools they know how to use, while merchants can receive stablecoin payments via a business-friendly settlement structure.
Jonathan Chan, Head of Partnerships and Co-Founder of RedotPay, stated that merchants have been dealing with excessive fees and crypto volatility for too long. He said the company didn’t just create a gateway; it created a bridge.
RedotPay Skill to Connect AI Agents With Payments
RedotPay also used the launch to outline its next payment plans. The company stated it is working on AI tools that would enable AI agents to make transactions with stablecoins without payment cards.
RedotPay Skill will be available from the company later this month. It aims to integrate AI agents into RedotPay’s payment network, enabling AI-driven software to initiate and finalize transactions via stablecoin payments.
The future of RedotPay is in digital assets and autonomous agents enabling commerce at scale. As AI capabilities continue to progress, these systems could enable seamless cross-border transactions.
RedotPay Connect joins a rapidly expanding ecosystem of merchant tools focused on stablecoin payments. It brings together crypto wallets, local currency settlement, and upcoming AI payment capabilities into a unified merchant-centric platform.
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