France-based payment services provider Worldline, and Fipto, a European fintech based in Luxembourg, have announced a strategic partnership to explore the use of stablecoins in settlement and payment services across Europe.

The collaboration aims to develop payment infrastructure suited to the digital economy.

The partnership will examine how digital assets and traditional payment systems can coexist, allowing merchants, banks, and financial institutions to select the most suitable solutions.

Planned initiatives include stablecoin-based payment and settlement use cases that operate alongside existing infrastructure.

Early work has focused on solutions for merchants in Europe and the Asia-Pacific region.

“Our ambition is to advance the next generation of payment solutions, where virtual and traditional digital money coexist seamlessly, and to co-create with our partners and clients to deliver new, impactful use cases,”

said Thibault Pele, Head of Digital Currencies at Worldline.

“Collaboration allows us to accelerate our capabilities and reach in promoting stablecoin-based solutions, and to turn this innovation into tangible opportunities for our clients from merchants to banks.”

“Combined with Worldline’s reach across the payment value chain, this partnership creates the right conditions to accelerate the adoption of new digital payment rails in Europe,”

said Patrick Mollard, Co-Founder and CEO of Fipto.

Featured image credit: Worldline