Billionaire provider of crypto infrastructure services, Fireblocks is officially launch its crypto payment engine as it looks to expand its broad influence in the space.

The new payment engine is designed specifically for merchants and the launch was prompted after successful testing of the engine with Checkout.com.

The pilot with Checkout.com has seen the duo clear up as much as $1 billion, giving confidence that the service is mass-tested for the wider payments industry. As confirmed by Ran Goldi, Vice President of Payments at Fireblocks, the service is “Token Agnostic”, which means that merchants will be able to choose any type of digital currency they wish to support.

Fireblocks’ is starting the payment service with WorldPay from FIS, one of the world’s largest payment processing companies. As an infrastructure service provider that was built to support massive scalability, Fireblocks’ payment solution is well-suited for the global payment ecosystem.

Fireblocks’ core business offering initially did not include payments, but this notably became the company’s new focus when it completed the acquisition from First Digital, a stablecoin processing company. What reported Per Blockchain.News at the time, the acquisition was valued at $100 million.

According to Goldi, the new service will prioritize stablecoins for now, except for merchants to choose their preferred digital coins to support. The reason for this conservative embrace is due to the regulatory difference between jurisdictions.

Many traders are starting to get used to the possibility of accepting digital currencies as payments. In fact, various surveys have confirmed that the majority of supermarkets, retailers and payment processors have established strategies to accept cryptocurrencies as payments or are in the process of doing so.

With Fireblocks’ new foray into the space, the company will now compete with existing payment processors in the space, including but not limited to BitPay and CoinPayments.

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