#USA #Las Vegas #Coinbase #stablecoin #MassPay

MassPay and Coinbase Join Forces for Better Payouts

In a landmark collaboration, MassPay Holdings LLC, a global payout orchestration platform, has announced a strategic partnership with Coinbase, renowned as the leading regulated cryptocurrency exchange. This alliance aims to enhance the way businesses handle their payouts by integrating stablecoin technology, thereby facilitating cross-border transactions with greater efficiency and security.

A New Era of Payouts

With the advent of this partnership, enterprises will now have the ability to fund, hold, and disburse payments globally in USDC, a stablecoin tied to the U.S. dollar, as well as in local fiat currencies. This integration utilizes MassPay's single-API payout network, which spans 180 countries, effectively combining it with Coinbase's robust infrastructure and regulatory compliance, creating a seamless experience for businesses.

Bridging the Gap Between Fiat and Digital Assets

The partnership enables corporate clients—including marketplaces and platforms—to conduct payouts in various currencies. They can now deposit funds in USD, convert them to USDC via Coinbase, and distribute payments in USDC, other digital assets, or local currency. This flexibility comes without the need for managing separate crypto infrastructures, simplifying the process significantly.

Key Features of the Partnership

1. USD to USDC Conversions: Businesses can now fund their payouts in USD and seamlessly mint USDC using Coinbase's services.

2. Multi-Asset Payout Options: MassPay clients have the option to pay recipients in USDC, various digital assets, or local fiat currencies—all from the initial funding transaction.

3. Real-Time Global Disbursements: The integration eliminates delays commonly associated with prefunding and idle capital between transactions, ensuring quicker payouts.

4. Comprehensive Operations: Coinbase oversees custody solutions, compliance, and wallet infrastructure, while MassPay excels in delivering global payout services.

Insights from Executives

Ran Grushkowsky, CEO of MassPay, expressed excitement over this partnership, stating, "Stablecoins have transitioned from being experimental to integral infrastructure. With Coinbase, we provide businesses a straightforward method to operationalize stablecoins without overhauling their payment systems. The future of global payouts is being built right now."

Alec Lovett, Head of Infrastructure Products at Coinbase, echoed these sentiments, noting, "The rails of stablecoin technology are quickly becoming the standard for global financial transactions. Our collaboration with MassPay is a testament to this evolution. Their enterprise clients can easily fund in USD, settle in USDC, and make global payments within their existing framework."

About MassPay

MassPay is dedicated to facilitating efficient and compliant payouts for businesses all over the globe. Its platform allows for instant, secure money transfers using a multitude of methods, including bank transfers, digital wallets, debit cards, cryptocurrency, and cash pickups. Furthermore, it ensures a seamless experience with embedded compliance features and KYC (Know Your Customer) requirements, making it a trustworthy solution for diverse payout needs.

For more information on MassPay, visit masspay.io.

About Coinbase

Coinbase (NASDAQ: COIN) is committed to fostering economic freedom worldwide. Serving as the most trusted cryptocurrency platform, it supports the storage of more digital assets than any other exchange. Coinbase is developing a comprehensive financial ecosystem where users can access crypto, equities, derivatives, and more, all on a secure platform developed from years of service and safety.

With this innovative partnership between MassPay and Coinbase, businesses are set to experience a new wave of efficiency in handling payouts, representing a significant leap forward in financial technology.