Payment processing giant Fiserv is developing an infrastructure for its merchant customers to pay for goods and services with cryptocurrencies, the company’s CEO, Mike Lyons, said in a presentation last week.
The Milwaukee-based company has heard from its merchants clients that they’re interested in using cryptocurrency such as stablecoins, a common type of digital asset, Lyons said in a June 3 question and answer session at the Baird Global Consumer, Technology and Services Conference in New York City.
“We’re hearing from merchants, ‘Hey, maybe this has got a lot less interchange,’” Lyons said in response to a questions about merchants and banks using stablecoins. “We’re going to help them develop the capabilities.”