PhotonPay joins Circle's Arc Public Testnet to drive global payment innovation

Source: PhotonPay

AI-Powered Global Digital Financial Infrastructure Platform PhotonPay has announced its official integration with the Arc public testnet. Arc is an open-source Layer-1 blockchain developed by Circle, with the core vision of bringing real-world economic activity on-chain and evolving into the next-generation Internet economic operating system (OS).

This collaboration sees PhotonPay joining hands with global innovators in payments, fintech, and technology, marking a significant step in its efforts to build an open, programmable financial infrastructure. This move not only aligns with the core development trend of modernizing global payment systems but also empowers more businesses to adopt blockchain-driven financial solutions.

As a fintech platform trusted by 200,000 businesses, PhotonPay leverages its global operational service network, mainstream country-specific payment licenses, and regulatory qualifications to establish a diverse product matrix encompassing Global Accounts, Global Issuing, Global Acquiring, Global Payout, FX Management, and Embedded Finance to help clients navigate increasingly complex payment environments and seamlessly address diverse payment methods worldwide.

The launch of Arc marks a key milestone in building an open financial network for the global economy. With its USD-backed and low-cost transaction fees, sub-second transaction finality, optional privacy features, and seamless integration with the Circle full-stack platform, Arc can be widely used in diverse applications such as lending, capital markets, stablecoin forex, and global payments.

By participating in the Arc public testnet, PhotonPay is committed to breaking down the barriers between traditional finance and digital asset innovation, thus driving transparency, security, and efficiency in the global financial ecosystem.