Worldline, a leading payment processing company, announces that it has entered into a strategic partnership with French fintech company Fipto. This partnership aims to integrate stablecoins to investigate in European payment networks.
Worldline and Fipto are jointly aiming to demonstrate how digital assets and traditional payment networks can function alongside each other. This would enable merchants, couches and enable financial institutions to choose the payment method that best suits their specific needs.
Thibault Pele, Head of Digital Currencies at Worldline, explains: “Our goal is to drive the next generation of payment solutions, where virtual and traditional digital currencies seamlessly converge.”
Stablecoins are revolutionizing the payments landscape by enabling faster, cross-border, and programmable transactions. Worldline aims to be at the forefront of developing a European counterpart to the dominance of USD-based stablecoins.
At the same time, Fipto holds multiple licenses, including a Payment Institution license from the Autorité de Contrôle Prudentiel et de Résolution in France, a DASP registration with the Autorité des marchés financiers, and a VASP registration with the Commission de Surveillance du Secteur Financier in Luxembourg.
Fipto CEO and co-founder Patrick Mollard adds: “By collaborating with Worldline, we can develop practical applications that demonstrate how stablecoins can improve payment efficiency and resilience.” Mollard believes this collaboration will create the right conditions to accelerate the adoption of new digital payment networks in Europe.