Worldpay from FIS’ will offer settlement of the USDC stablecoin for clients
This will be enabled by BCW Group, which will host and operate a validator node to ensure processing and validation of transactions
Worldpay from FIS will enable USDC settlement for clients on the Polygon Proof-of-Stake (PoS) chain, as part of a broader strategy that sees it become the first global merchant acquirer and Fortune 250 company to become a Polygon validator.
Worldpay from FIS’ settlement of the USDC stablecoin for clients will be enabled by BCW Group, which will host and operate a validator node to ensure processing and validation of transactions.
Hamzah Khan, Head of DeFi and Labs at Polygon Technology, said: “By enabling USDC settlements, Worldpay from FIS is expanding Web3 settlement capabilities to a hungry market of clients across the globe, and we’re delighted to be a part of that expansion. Worldpay from FIS’s decision to operate a validator node speaks to its commitment to ensuring the upkeep of Polygon’s PoS chain, and represents a significant stake in the future of our ecosystem.”
Earlier this year, Worldpay from FIS announced its partnership with Circle to enable crypto-native and traditional businesses to build a fit-for-purpose settlement and treasury strategy that caters to their preferred currency. Worldpay from FISis a leader in Card-to-Crypto and Crypto-to-Card processing, providing services for four of the top five cryptocurrency exchanges. It was also honored as the Crypto Payment Service Provider of the Year by City AM.
Nabil Manji, SVP, Head of Crypto & Web3 at Worldpay from FIS, said: “We’re excited to join the Polygon network as a validator and demonstrate the potential of the Polygon PoS chain for financial services, starting with our USDC settlement offering. We’ve been incredibly impressed by the growth Polygon is experiencing across verticals and look forward to contributing to the ecosystem’s next phase.”
Polygon is onboarding world-class talent from web2 and web3 to provide both the tech stack and the infrastructure needed to ensure long-term success for projects. Polygon’s recruitment drive includes top-tier talent from leading companies such as EA, Amazon, Meta, and Google.
Polygon’s entire ecosystem of decentralized applications is fully carbon-neutral, and is committed to going carbon negative by the end of 2022. As part of its “Green Manifesto,” Polygon has pledged $20 million to introduce a multilayered sustainable development strategy to build a more sustainable future for Polygon, the cryptocurrency ecosystem, and the planet.
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About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone, and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with unique user addresses exceeding 174.9M. The network is home to some of the biggest Web3 projects such as Aave, Uniswap, OpenSea, and well-known enterprises including Starbucks, Meta, Stripe, and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for your dApp, get started here.
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About WorldPay from FIS
WorldPay is a global merchant acquirer that processes payments for businesses around the world and was acquired by FIS in 2019. Worldpay from FIS processes over $2 trillion in transactions annually across more than 100 countries in numerous payment types and currencies.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is a member of Standard & Poor’s 500® Index.
To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
About BCW Group
BCW Group is a venture studio & enterprise consulting firm dedicated to building Web3 infrastructure & applications that connect and interact with the on-demand digital universe.
Our business lines include technologies, products, enterprise consulting and ventures. We have launched products in the areas of DLT interoperability (hashport), on-chain data analytics (Blockpour), staking and IaaS tools (Arkhia) and real world asset tokenisation (TOKO).
Learn more about BCW Group at bcw.group or follow us on Twitter and on LinkedIn.
