Jeremy Allaire, CEO and Founder at Circle, recently commented on the the ongoing development of solutions enabling more seamless USDC merchant payment acceptance.
Allaire noted that a new solution called Drift Money integrates into existing
Square point of sale systems, and dashboard apps for merchants.
Okay @drift_money is 🔥
Seamless USDC merchant payment acceptance
Integrates into existing @square point of sale, dashboard apps for merchants
.35% merchant fee
This kind of thing is going to go viral with merchants in 2025
Seamless Wallet experiences combined with this… https://t.co/lpBFHdCQ4Q
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) November 9, 2024
Allaire also mentioned via X that there’s a .35% merchant fee. He explained that this kind of thing could be “going viral” with merchants in 2025.
Allaire added that there are seamless wallet experiences combined with this and are coming “super fast.”
Allaire also noted that PoS vendors and PSPs or payments service providers ought to wake up and smell (and sell) the coffee and integrate web3 and USDC or they will “get rolled over.”
Drift Money devs explained that you can accept stablecoins USDC at your shop, today. And that there are “no strings attached.”
Drift Money developers further noted that merchants have too many payment options to track. That’s why they made Drift Money compatible with Square
integration.
They can connect their Square account – syncing USDC transfers on Drift directly to their Square dashboard.
As covered last month, BVNK announced recently that it is partnering with USDC issuer Circle in an effort to streamline global business payments.
BVNK explained that they will be working closely with Circle to bring the utility of stablecoin USDC to more types of payments, which will aim to include global payroll and large-scale payouts.
BVNK stated in a blog post that they are forming a key partnership with global financial technology firm, Circle, to bring the utility of the globally-accessible stablecoin USDC to more types of business transactions.
Since the year 2021, BVNK clients have reportedly been able to access the stablecoin USDC on the BVNK platform.
Via this expanded partnership, they now aim to effectively integrate stablecoin USDC more deeply into payment offerings, thus enabling businesses to leverage USDC’s speed and stability.
This reportedly includes making global payroll more efficient and simplifying large-scale customer and contractor payouts.
USDC is said to be a “fully reserved” dollar stablecoin that is “backed 100%” by liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars.
The USDC reserves are held at regulated financial institutions with “published third party monthly attestations, providing a high level of transparency for BVNK’s customers.”