Worldpay from FIS to Enable USDC Settlement on Polygon PoS Chain

The company has announced the integration during Singapore Fintech Festival, the largest event and knowledge platform for the global Fintech community.

W orldpay 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 “G   reen 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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