This integration would allow almost half a million of PayU’s merchants to accept Celo’s stablecoin, cUSD
PayU has announced its collaboration with Celo, an open-source blockchain ecosystem focused on making DeFi accessible to anyone with a smartphone.
In addition to a purchase of CELO, PayU has partnered with payment infrastructure company First DAG and Celo’s Alliance For Prosperity to offer stablecoin payments.
According to the press release, the move will open the doors for people in emerging markets who are underserved by traditional financial institutions to easily pay for goods at participating merchants.
Using First DAG’s platform, PayU’s merchants can accept stablecoin payments without integrating additional blockchain components. First DAG’s payment platform manages the processing rail and custodial wallet in the background, so merchants can integrate stablecoins with no additional setup.
We’ve reported that Shopify partnered largest independent Customer Data Platform.