Rhino.fi Brings Native Bitcoin Deposits to Businesses with Stablecoin Settlement
Rhino.fi has launched native Bitcoin deposits for businesses, enabling customers to send BTC without requiring companies to hold Bitcoin themselves.
This feature allows businesses to receive a usable balance through their existing integration, eliminating the need for conversion and routing processes that can be time-consuming and costly.
According to Rhino.fi's CEO Will Harborne, 'Bitcoin has been used as a payment instrument for almost two decades, yet it remains hard for merchants to accept at scale.' He added that Rhino.fi specializes in solving the hardest payments routes and their latest release lets any company generate a Bitcoin deposit address and have it settled into any stablecoin on any chain.
The expansion addresses a persistent mismatch in crypto payments, where businesses often need settlement in stablecoins or another asset that fits their product. By moving the conversion and routing into the infrastructure layer, Rhino.fi enables customers to send BTC directly and receive a usable balance without running a Bitcoin treasury or liquidity themselves.