Fireblocks expands digital asset payments engine product after settling $1 billion with Checkout.com
Fireblocks acquired crypto payments processor First Digital Assets Group earlier this year. Now it has set out to give PSPs operating on old rails — using traditional payment systems and 9-to-5 banking systems — the tools to enable merchants, entrepreneurs and creators to accept, manage and settle digital payments across borders. The payments engine is essentially the company's first take on that long-term vision. It includes merchant settlement and soon the addition of cross-border transfers, creator payouts and crypto pay-ins (allowing merchants to accept crypto). Fireblocks has partnered with FIS's Worldpay, which earlier this year started offering merchants the option of USDC settlements. Additionally, it has an onboarding queue of about 50 companies for the payments engine.
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