Oracle Taps NEAR for Lightning-Fast Stablecoin Payments

Oracle has chosen NEAR Protocol to integrate stablecoin payments into its Oracle Simphony point-of-sale system, which processes over 6.3 billion transactions annually and aims to achieve checkout in under three seconds.

The integration of NEAR Protocol will allow for swift transaction settlement and direct allocation of funds to treasury, loyalty, and supplier payouts.

This move signifies a significant step towards enhancing blockchain's role in retail payments and reflects the growing importance of blockchain technology in transactional efficiency.