Ivy, the instant payment platform in Germany, has successfully integrated Circle's USDC and EURC stablecoins, enabling businesses and payment services to convert fiat and stablecoins instantaneously on the European platform.

MAIN CONTENT

  • Ivy has become one of the first European platforms to support fast conversion between bank payments and stablecoins.

  • Ivy's API enables cryptocurrency companies, payment service providers, and e-commerce merchants to connect and perform instant multi-currency conversions.

  • The integration of USDC and EURC allows for continuous minting and burning of stablecoins, enhancing continuity in instant payments.

What is Ivy and what role does it play in instant payments in Europe?

Ivy CEO Ferdinand Dabitz asserts that the real-time payment system and stablecoins have a natural interdependence, so Ivy has integrated multiple services to support global merchants through its API.

Ivy is Germany's instant payment platform, distinguished by its ability to process transactions quickly between bank accounts and stable cryptocurrencies such as USDC and EURC. With the integration of Circle's stablecoins, Ivy aims to provide a solution that allows businesses to easily access and use multi-channel instant payments, enhancing the efficiency of online payments and e-commerce.

The relationship between real-time payment systems and stablecoins is extremely close, opening up many opportunities for the hundreds of merchants we serve.

Ferdinand Dabitz, CEO Ivy, 2/7/2024

Why is supporting USDC and EURC important for the Ivy platform?

The integration of USDC and EURC makes Ivy one of the first European platforms to provide rapid conversion between fiat currency and stablecoins, enhancing the seamless payment experience.

Stablecoins USDC and EURC are stable tokens backed by real assets, offering high liquidity and widely recognized reliability. Allowing the minting and burning of these directly from fiat currency on the Ivy platform supports the modernization of instant payments, minimizes cross-border transaction barriers, and accelerates payments for hundreds of partners.

What benefits does Ivy's API provide for businesses and cryptocurrency platforms?

According to reports, Ivy's API helps cryptocurrency companies, payment service providers, and e-commerce merchants perform instant multi-currency conversions through local payment collection accounts.

This helps eliminate discrepancies in time and exchange rates in transactions while optimizing cash flow, facilitating the development of cross-border payment and trade services. As a result, businesses can easily and reliably integrate instant payment systems into their operational models.

Can you illustrate the impact of integrating stablecoins on the real-time payment market?

The latest data shows that supporting instant conversion between stablecoins and fiat currencies greatly helps many merchants accelerate customer experience and reduce transaction costs. Ivy states that hundreds of trading partners are operational thanks to its global API.

Connecting with stablecoins USDC and EURC truly expands the application range of Ivy's instant payments, allowing customers to convert instantly at any time of the year.

Ferdinand Dabitz, CEO Ivy, 7/2024

Frequently Asked Questions

What is Ivy's platform in the payment sector? Ivy is Germany's instant payment platform, facilitating quick and secure conversion between bank payments and stablecoins. Why is the integration of USDC and EURC important? USDC and EURC are reputable stablecoins that allow continuous minting and burning, making instant payments more efficient and cross-border. Who does Ivy's API serve? Ivy's API serves cryptocurrency companies, payment service providers, and e-commerce merchants with instant multi-currency conversion features. How does Ivy's payment system operate? The system allows for continuous minting and burning of stablecoins at any time, ensuring liquidity and seamless transactions. How does this integration affect merchants? Merchants benefit from fast, secure payment experiences and multi-currency support, optimizing business and expanding market reach.

Source: https://tintucbitcoin.com/ivy-ho-tro-usdc-eurc-tai-duc/

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!