We’ve written a lot about our commitment to increasing personal freedom. We believe it’s the most effective way for web3 and crypto to drive positive change at a global scale, and zkSync Era was created with that in mind. By making Ethereum both more scalable and accessible, we aim to enable self-sovereignty at a mass scale.
To realize this vision, our industry must focus on the features that will secure crypto’s long-term future; decentralization, security, and scalability. It must also bring these features to more people, in more places, and in more verticals — whether that’s developers or end users. That means working with best-in-class brands to bring new use cases to global audiences, in order to break down the existing barriers for entry in crypto and realize the dream of true self-sovereignty for more people.
This week at ETHDenver we’re announcing an exciting new collaboration to support this long-term mission, with Worldpay from FIS.
Worldpay from FIS has a customer base of more than 2 million merchants, including crypto exchanges such as Binance, Coinbase, Crypto.com, and OKX. They specialize in driving the adoption of digital assets through innovative solutions for end users, both businesses and individuals, including offering their real-time stablecoin settlement solution.
In 2022, Worldpay from FIS partnered with Circle to power a stablecoin settlement solution for merchants in USDC. This allows merchants to continue to receive payments from consumers in a variety of currencies and be settled by Worldpay in stablecoin rather than fiat. This is one of many initiatives on Worldpay’s digital asset roadmap to drive efficiency and value across their traditional payment product suite and power adoption of distributed ledger technology. Overall, FIS processes over $2 trillion in transactions annually across more than 100 countries in numerous payments types and currencies.
Worldpay from FIS will join zkSync Era as an enterprise validator, and will deploy on testnet before transitioning to mainnet at the time of the protocol’s public alpha, building use cases to explore new applications based on account abstraction, privacy, identity, and real-world assets. Long-term, this will expand to include research into the potential of zkSync Era’s Hyperchain prototype.
We’re excited to work with industry leaders like Worldpay from FIS to bring the power of web3 to more people, and more verticals, globally. This collaboration is another major step on our journey to making self-sovereign participation in the digital economy accessible for anyone in the world.
“Scalability and security are paramount for traditional payments companies to develop innovative digital payment solutions. We’re excited to experiment with zero-knowledge proofs and be the first global payments acquirer validating in the zkSync Era.” Nabil Manji, SVP and head of crypto & web3 at Worldpay from FIS.
About Worldpay from FIS
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across industries globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.