Stablecoin Payments Outpace Merchant Acceptance
The growth of stablecoin payments is outpacing merchant acceptance, creating a gap between the customer's wallet and the checkout experience. According to Abisoye Falabi, founder of UK-based fintech payment infrastructure company Stablezact, this problem is not about replacing card networks or making merchants blockchain experts, but rather closing the distance between owning digital assets and paying with them.
Falabi notes that stablecoins have become increasingly used beyond trading and investment, offering benefits such as quick cross-border transactions, alternative to volatile digital assets, and everyday transfers in regions where access to local currency is unreliable. However, merchant acceptance has not kept pace, leaving a fragmented landscape for wallet-based crypto payments.
Stablezact's mission is to make crypto wallets usable at checkout without forcing businesses to become blockchain experts. The company serves payment companies, PayFacs, PSPs, travel platforms, marketplaces, and large e-commerce merchants who want wallet-based payments without building the stack from zero. Stablezact's non-custodial infrastructure allows payments to start from the customer's own wallet and settle to a destination chosen by the merchant.