London payments platform Volt has launched stablecoin acceptance at checkout for online merchants as the asset type becomes integrated into the British economy.
As UK regulators enter the final stage of approving the issuance of stablecoins, Volt aims to bring digital currencies into the mainstream from a payments perspective.
The firm will be offering businesses the chance to integrate cryptoasset payment options into their checkouts.
Volt has said merchants will be able to accept payment in the form of USDC and EURC, stablecoins pegged to the value of the US dollar and the euro respectively, with pound-backed coins potentially able to follow when they are starting to be issued.
“At Volt we believe in rail-agnostic, real-time payments, domestic and cross-border. This is key to European payments sovereignty, which is a huge ongoing topic of conversation,” said Steffen Vollert, chief executive of Volt (pictured).
“In addition to unifying fiat and regulated stablecoins on a single, secure checkout, we’re building a unified merchant treasury solution – allowing e-commerce, travel, luxury and iGaming merchants to effortlessly experience and utilise the stablecoin future, where real time is the only time.”
There are close to one billion active crypto wallets currently in the world and, according to data from CoinGate, stablecoins made up more than a third (35.5%) of crypto payment transactions in 2024.
