REPAY Completes Successful Proof of Concept for Stablecoin Payments
Demonstration showcases fully functional consumer payment using USD Coin (USDC) over the Stellar blockchain network
REPAY's proof of concept is a fully operational demonstration of a consumer payment made over the Stellar blockchain network. The solution enables consumers holding funds in a compatible digital wallet to authorize transfers of USD Coin (USDC) — a regulated, fiat-collateralized stablecoin designed to maintain a 1:1 value with the
The proof of concept leverages REPAY's existing platform to provide a user-friendly payment interface. Consumers can select USDC as a payment method, review transaction details, authorize payment through their preferred browser-based wallet extension, and view completed transaction records both on the Stellar network and within REPAY. Once a consumer confirms a transaction, it is securely processed on the Stellar blockchain, and the client's wallet reflects the received funds shortly after confirmation on the network.
Stablecoin payments offer the potential for faster settlement, lower transaction costs, and increased transparency for certain payment use cases compared to traditional payment rails. By building on the Stellar network — known for its speed and low fees — REPAY is positioning itself to meet potential future demand for digital asset payment options among billers and their customers.
"This proof of concept demonstrates REPAY's ability to integrate emerging payment technologies into our existing platform infrastructure," said
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
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Investor Relations for REPAY:
ir@repay.com
Media Relations for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation