OpenPay integrates Loop to power stablecoin and crypto subscription payments
We are excited to share that Loop Crypto is powering stablecoin and crypto payments for OpenPay, a leading subscription management platform. By integrating Loop, OpenPay unlocks stablecoin and crypto recurring payments for its merchants to generate subscription revenue globally. OpenPay has now made it simple for any merchant to turn on the fastest-growing payment method in the world.
Every month, 35 million people use stablecoins—a volume that is growing 200% year over year. At Loop Crypto, we see one in five customers choosing stablecoins as their preferred payment method when placed next to fiat options like card and bank transfers.
The stablecoin story in emerging markets is particularly compelling. In these regions, one in three customers holding crypto have made a purchase with stablecoins. With this groundswell of usage, merchants have increasingly been asking for this new payment method to drive revenue growth. One integration unlocks access to customers in 155 countries. This is especially valuable for merchants in nations like Brazil, India, Nigeria, and Vietnam where card penetration is low, but consumers' demand for digital dollars is high.
OpenPay is at the forefront of serving the needs of global merchants, including AI tooling, tech startups, and gaming companies. These merchants require a broad set of payment options that facilitate customer transactions from every corner of the globe. Stablecoins are already proving to be a critical new payment option to address this need.
Until now, OpenPay merchants have lacked the tooling to easily accept stablecoins and crypto and integrate this payment option into their existing financial stacks. Many merchants ended up accepting stablecoin and crypto payments outside of the billings systems they use for fiat. This led to siloed systems, tons of manual effort, and payment errors.
OpenPay’s new integration with Loop Crypto solves these challenges by adding in stablecoins and crypto as another payment option the customer can easily choose with a simple toggle. It’s a vastly superior experience for both the end customer and the merchant. For example, end payers will be able to save both fiat and crypto payment methods on file for automatic payments and seamlessly switch between payment methods. Merchants are able to accept crypto and then settle in either crypto or fiat.
Using Loop Crypto, OpenPay has now made it simple for any merchant to turn on the fastest-growing payment method in the world. When it comes to payment acceptance, optionality and redundancy are key – and the integration with Loop Crypto establishes OpenPay as the clear market leader when it comes to providing merchants with the broadest possible payment processing layer.
How to get started
Merchants look for a diversity of available payment methods when choosing their payments platform, including stablecoin and crypto payment options. By choosing Loop Crypto, OpenPay is able to meet the demands of its merchants.
If you’re looking to learn more about what Loop Crypto can do for your platform, we would love to chat.
