NewsCryptoOpenPayd Becomes First Payment Infrastructure Provider Live on Fireblocks Network for Payments in Europe and the UK

OpenPayd Becomes First Payment Infrastructure Provider Live on Fireblocks Network for Payments in Europe and the UK

Author: DailyCoin·

Key Takeaways

  • OpenPayd is the first payment infrastructure provider to go live on the Fireblocks Network for Payments in Europe and the UK.
  • Over 2,400 Fireblocks Network participants can now access OpenPayd's fiat payment infrastructure without building a separate integration.
  • The integration provides institutions with access to British pounds, euros, U.S. dollars, and additional currencies across more than 100 countries.
  • Fireblocks reports that its Network for Payments has processed more than $14 trillion in transaction volume.
  • OpenPayd processes over $280 billion in annual transaction volume and serves more than 1,200 businesses globally since its founding in 2018.
OpenPayd Becomes First Payment Infrastructure Provider Live on Fireblocks Network for Payments in Europe and the UK

OpenPayd has become the first payment infrastructure provider to go live on the Fireblocks Network for Payments in Europe and the UK, significantly expanding access to fiat payment services for institutions operating in digital asset markets.

The integration connects more than 2,400 Fireblocks Network participants directly to OpenPayd's fiat payment infrastructure, enabling businesses to access payment services without building a separate integration. Institutions gain access to British pounds, euros, and U.S. dollars, with additional currencies available across more than 100 countries.

How the Integration Works

Through the Fireblocks Console or API, network participants can connect to OpenPayd's infrastructure for fiat on- and off-ramps, foreign exchange, and cross-border payments. The integration combines OpenPayd's payment and compliance capabilities with Fireblocks' security controls, including wallet verification and support for Travel Rule requirements.

Fireblocks' Network for Payments connects local payment systems, blockchains, and stablecoin platforms. The company reports that the network has processed more than $14 trillion in transaction volume and serves over 2,400 exchanges, banks, fintech companies, payment providers, and liquidity partners.

The expansion comes as financial institutions across Europe and the UK intensify their focus on digital assets, stablecoins, and blockchain-based settlement. Banks, investment firms, and fintech companies are increasingly seeking regulated infrastructure that can streamline movement between traditional currencies and digital assets, while reducing the operational burden of maintaining separate fiat payment connections.

Michael Treacy, Director of Business Development and Marketing at OpenPayd, said the integration reflects growing demand for reliable payment infrastructure as institutional adoption of digital assets expands.

"By joining the Fireblocks Network, we are widening access to OpenPayd's universal financial infrastructure, helping more companies overcome the complexity and fragmentation of the global payments system and powering the growth of the digital economy."

OpenPayd now processes more than $280 billion in annual transaction volume and serves over 1,200 businesses globally. Founded in 2018, the company provides embedded accounts, foreign exchange services, domestic and international payments, Open Banking capabilities, and stablecoin on/off-ramp infrastructure through a unified API.

The OpenPayd and Fireblocks integration reflects a wider effort by financial infrastructure providers to connect regulated payment systems with blockchain-based assets as institutional adoption of digital assets continues to grow.