Payments company Lydian launches merchant checkout app Lydian Pay, supporting crypto payments and fiat settlement
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AT A GLANCE
Lydian said that its merchant checkout app Lydian Pay is now available on the two major app stores, supporting digital asset payments and local fiat settlement.
Article
Payments company Lydian launches merchant checkout app Lydian Pay, supporting crypto payments and settlement
BlockBeats news,October 14, payments company Lydian announced that its merchant checkout app Lydian Pay is now available on the Apple App Store and Google Play. Merchants can download the free app onto an existing smartphone or tablet and complete verification to accept payments, without a card reader, contract, or additional hardware. Customers pay using digital asset wallets, while merchants settle in local fiat currency to their existing bank accounts; Lydian does not custody merchant funds, and payment records can be reconciled through the Lydian Merchant Portal.
The app allows merchants to independently choose the wallets, assets, and networks they accept. It currently supports USDT、USDC、BTC、ETH、TRX and other assets, as well as Ethereum, Tron, Polygon,Solana, Arbitrum, Base, Bitcoin, and other networks.
Original link https://m.theblockbeats.info/flash/371825
Key points
01
BlockBeats news reports that,October 14, payments company Lydian announced the launch of its merchant checkout app Lydian Pay.
02
Lydian Pay is now available on the Apple App Store and Google Play.
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Merchants can download the free app onto an existing smartphone or tablet and accept payments after completing verification, without a card reader, contract, or additional hardware.
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Customers pay using digital asset wallets, while merchants settle in local fiat currency to their existing bank accounts.
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Lydian does not custody merchant funds, and payment records can be reconciled through the Lydian Merchant Portal.
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Merchants can independently choose the wallets, assets, and networks they accept.
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The app currently supports USDT、USDC、BTC、ETH、TRX and other assets, as well as Ethereum, Tron, Polygon,Solana, Arbitrum, Base, Bitcoin, and other networks.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a mobile or tablet app for merchants to accept payments. Customers pay using digital asset wallets, while merchants receive settlement in local fiat currency in their existing bank accounts. The original article states that merchants do not need to purchase additional hardware such as card readers and can choose which wallets, assets, and networks to accept.
Why it matters to readers
The app provides merchants with a payment gateway that accepts digital assets while settling in local fiat currency, potentially lowering the hardware barrier to deploying such payment methods.
Beginners can understand it as a merchant checkout tool: customers pay in digital assets, while the merchant receives local fiat currency. However, the original article does not state whether it is available in the regions where ordinary users are located, nor does it provide information such as fees.
Risks and unknowns
The information comes from BlockBeats’ account of Lydian’s announcement; the evidence does not provide Lydian’s official announcement or an app store page for direct verification.
The original text does not specify the regions where the application is actually available or the regions it serves.
The original text does not provide fee rates, settlement times, exchange-rate mechanisms, or compliance arrangements.
The original text does not provide the number of merchants onboarded, transaction volume, or actual usage.
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The actual availability of the listed assets and networks in different regions or scenarios cannot be confirmed from the original text.
Related concepts
Digital asset wallet
This term is not in the glossary yet. Browse related concepts in the glossary.
