“Payments shops’ deep embrace of crypto is a sign of things to come that the average person might never notice. Why it matters: Mainstream crypto adoption is often talked about in terms of the masses transacting in bitcoin for everyday purchases. But what if crypto makes its way into backend payment processing that everyone uses, but doesn’t spend much time thinking about? Context: Behind every e-commerce transaction is a payments shop like Checkout.com. They make sure people who sell stuff get paid by the people who buy stuff — the invisible hand that enables online shopping, among other things. What’s important, the company’s head of crypto strategy, Jess Houlgrave, tells Axios, “is to keep up with innovation” of the businesses they serve, whether it’s for now or for what’s coming next. Between the lines: The line between fintech and crypto starts to blur in payments. While transaction volume for the UK-based fintech is dominated by regular, non-crypto e-commerce activity servicing fast-fashion online retailers like Shein, Checkout also counts 12 of the 15 largest crypto exchanges as customers, Houlgrave says. It has settled roughly a billion dollars in stablecoin transactions since that feature launched in June, according to Houlgrave. The big picture: Houlgrave doesn’t think legacy payments infrastructure will be made obsolete by crypto rails. Rather: “We’ll see these two payment systems converging.”

“Checkout.com, the cloud-based payments service provider, today announces the next evolution in the fight against fraud with Fraud Detection Pro, a fully flexible solution used by businesses such as Curve and Delivery Hero to solve the rising problem of online payments fraud and optimise revenues…Checkout.com’s Fraud Detection Pro is the next evolution in fraud detection solutions, providing merchants with sophisticated decision strategies, flexible rules and the ability to build unique customer segments for a more granular approach to assessing and routing transactions. Merchants using Fraud Detection Pro are able to leverage Checkout.com’s network effect, as its machine learning sees billions of transactions, enabling merchants to greatly benefit from Checkout.com’s advanced velocity in tackling new and emerging fraud. This announcement follows Checkout.com’s recent update to its Authentication solution, helping merchants combat fraud and optimise their revenues, alongside the launch of Integrated Platforms, a fully flexible, bespoke solution to support marketplaces and sellers in an evolving digital economy.”

“Checkout.com, the cloud-based payments service provider, today announces the launch of Integrated Platforms, a fully flexible, bespoke solution to support marketplaces and sellers in an evolving digital economy. Amidst the continued acceleration of marketplace adoption, up to 70%[1] of ecommerce is expected to take place on marketplaces by 2025. As cost of living increases and inflation continues to outpace wage growth, the number of people selling on marketplaces has increased by 200%[2] since 2020, as they look to supplement their primary income. By 2027, marketplace sellers will account for 59%[3] of global ecommerce sales. Among these sellers is an emerging category of “micro-entrepreneurs”, who make up more than half of online marketplace sellers (56%)[4] across industry segments such as food delivery, ride-hailing and luxury goods.”

“Checkout.com, the cloud-based payments service provider, today announced updates to its Authentication product to help merchants combat fraud and optimize their revenues, with an evolving toolkit of products and features to help merchants navigate the rapidly evolving landscape…The Authentication solution allows merchants to take complete control of their customer journeys to deploy either rules-based or dynamic machine-learning (ML) authentication strategies.”