28 August 2020
Written By FinTech Alliance in Payments
Digital currency platform provider Coinify enabled the transaction.
It was made using the Sygnum Digital Swiss Franc.
A stablecoin is a kind of cryptocurrency linked to an asset (like fiat or gold) to make it more “stable”.
According to Coinify, moving forward stablecoins have the potential to negate the need for card systems and make transactions safer and cheaper.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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