An Israeli cryptocurrency security company for banks and financial institutions has introduced a payment tool that aims to help implement cryptocurrencies in fintech products.
Fireblocks announced the official launch of a set of tools that allow payment service providers to provide legal entities with a comprehensive solution for managing settlements, global transactions in digital currencies.
The toolkit has been tested over the past six months with Checkout.out and is called the Payments Engine. Checkout.out has become a network partner, says Fireblocks CEO Mikhail Shaulov:
“In recent years, significant work has been done in this area to improve certain parts of the payment system: from settlements in stablecoins to cross-border payments. We believe that the payment system should be considered comprehensively, given that digital assets are increasingly used in the global economy.”
The Payments Engine currently supports all 42 networks and over 1,300 tokens available on Fireblocks. The developers promise to increase the number of available cryptocurrencies as new blockchains are added.
The Payments Engine will allow settlements between fiat and cryptocurrency merchants, as well as cross-border transfers using fiat money using digital assets.
Earlier, Fireblocks hired the head of the fintech center of the British central bank as the head of the direction of digital currencies of the Central Bank.
Source: Bits

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