Coinbase provides the technology for the service
Unchained reports that PNC Bank is testing a USDC payment acceptance service with a limited group of corporate clients. Coinbase provides the technology.
The tokens received are automatically converted into dollars at a 1-to-1 rate and credited to a designated PNC account. Transfers are processed through Ethereum.
The pilot complements the bank’s existing payment methods. The companies have not announced when access will be expanded.
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3 updates · since November 9
PNC launches USDC payment acceptance pilot for corporate clients · you are here
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PNC and Coinbase have launched a pilot allowing eligible corporate and institutional clients to accept USDC on the Ethereum network. The funds received are automatically converted to dollars and credited to clients’ PNC accounts. The Defia…
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