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Avolta Launches First Direct Wallet-To-Wallet Stablecoin Payments Pilot
(MENAFN- EQS Group) The pilot introduces a payment model in which transactions are settled directly between the customer and Avolta, without relying on traditional card networks or intermediary payment providers. Funds are transferred within seconds using blockchain technology.
Yves Gerster, CFO of Avolta, said: "For decades, the consumer payment experience has evolved, but the underlying principle remained largely unchanged. This pilot tests a fundamentally different approach: direct value transfer between customer and merchant. Wallet-to-wallet payments have the potential to meaningfully change the payment infrastructure and we look forward to learning from customers in a live retail environment.”
The initiative forms part of Avolta's broader innovation agenda, exploring how emerging technologies and solutions can further enhance the traveler experience and shape the future of retail payments. The solution was designed and developed by Avolta in collaboration with DevelopX.
Yves Gerster, CFO of Avolta, said: "For decades, the consumer payment experience has evolved, but the underlying principle remained largely unchanged. This pilot tests a fundamentally different approach: direct value transfer between customer and merchant. Wallet-to-wallet payments have the potential to meaningfully change the payment infrastructure and we look forward to learning from customers in a live retail environment.”
The initiative forms part of Avolta's broader innovation agenda, exploring how emerging technologies and solutions can further enhance the traveler experience and shape the future of retail payments. The solution was designed and developed by Avolta in collaboration with DevelopX.
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