PayU, the payments business of the investment group Prosus, has formed a partnership with decentralized payments protocol Celo.
The pair plan to launch new stablecoin payment options for PayU’s 450,000 merchant customers using cUSD, Celo’s dollar-pegged stablecoin. Together, PayU’s clients serve millions of people across Latin America, Africa, and Southeast Asia.
To kickstart the deal, PayU has announced a “significant purchase” of CELO, the utility and governance token native to the Celo blockchain. PayU has also partnered with infrastructure firm First DAG, which operates a platform that connects merchants with their bank of choice to ease the technical burden of accepting stablecoin payments.
Mario Shiliashki, CEO of Global Payments Organisation at PayU, said the move aligns with the company’s vision for “a world without financial borders.”
“As digital transactions become the norm, it is important that we equip merchants and customers with the latest payments s

Czytaj więcej

Źródło: https://www.theblockcrypto.com/post/112075/payu-purchases-celo-kickstart-stablecoin-payment-program?utm_source=rss&utm_medium=rss