TechFlow news — On September 26, Bloomberg reported that U.S. payment processing company and technology provider Worldpay Inc. plans to participate directly in blockchain transaction validation for the first time to gain a deeper understanding of how digital ledgers operate. Sanchit Mall, Worldpay's head of Web3 and cryptocurrencies for the Asia-Pacific region, said the company is in talks with select blockchains to become a validator.
"Our goal is to be part of the foundational ecosystem," Mall said in an interview, adding that as funds increasingly move across digital ledgers in the future, Worldpay intends to actively engage in blockchain infrastructure development. Mall also revealed that so far this year, Worldpay has processed $1.3 billion worth of payments using stablecoins, up from less than $1 billion in 2023. This represents only a small fraction of the more than $2.3 trillion in payment transactions Worldpay facilitates annually.
