#StripeStablecoinAccounts Stripe has partnered with Ramp to introduce stablecoin-backed corporate cards, aiming to transform global commerce by providing faster settlements, lower transaction costs, and protection against currency volatility. This innovative solution enables businesses to experience ¹:
- *Faster Settlements*: Near-instantaneous cross-border transactions, reducing waiting times
- *Lower Transaction Costs*: Minimized fees associated with international payments
- *Protection Against Currency Volatility*: Funds held in dollar-equivalent values, shielding businesses from local currency fluctuations
- *User-Friendly Experience*: Simplified transaction process with purchases in local fiat currencies
*How it Works:*
- Businesses fund their wallets using local currency, converted to stablecoins, or deposit stablecoins directly
- Cardholders make purchases in local fiat currencies, while merchants receive payments in fiat
*Benefits:*
- Enhanced financial operations for businesses of all sizes
- Accelerated economic growth in emerging markets
- Streamlined international payment processes
*Availability:*
- Initially launching in select Latin American markets
- Planned expansion to Europe, Africa, and Asia
This partnership aims to reshape the future of global commerce, providing stability and efficiency for businesses worldwide ¹.