Fireblocks acquires stablecoin payments platform First Digital By Cointelegraph

Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabilities for the cryptocurrency sector.

The acquisition gives Fireblocks additional resources to enable payment service providers to acquire cryptocurrencies and accept payments in digital assets, potentially opening the door to wider use cases for the emerging technology. According to Fireblocks, merchants today are eager to integrate crypto payments but high wallet integration costs and manual Know Your Customer and Anti-Money Laundering screening hinder adoption.