Confirmo has unveiled its new subscription payment solution, allowing businesses to automate stablecoin billing through over 700 compatible wallets and exchange accounts. This service, named Subscribe, aims to streamline the payment process for enterprises, including SaaS providers and trading platforms.
Service Details
Subscribe is built on the Solana and Polygon blockchains, initially supporting Circle’s USDC and Paxos' USDG. By integrating WalletConnect, the service enables payments from both self-custody wallets and exchange accounts, increasing accessibility for users. Once a subscription is approved, payments are automatically processed on the due date, which helps merchants manage their transactions efficiently. This system reduces the manual handling of recurring charges, allowing businesses to view subscription activities through the same dashboard as their other payment products.
Market Context
The launch of Subscribe aligns with the growth of the global subscription economy, projected to reach $1.2 trillion by 2030. In this environment, more than 700 million people globally, or roughly 8.5% of the population, now own digital assets. The introduction of stablecoin payments is expected to facilitate cross-border transactions and help lessen unexpected charges. Additionally, the payment structure is designed to mitigate risks related to card declines and failed billing attempts, promoting greater reliability for both merchants and customers.
Anna Kratky Strebl, Group CEO at Confirmo, emphasized that this service was developed with the specific payment needs of their business clients in mind, providing them with a more transparent and cost-effective method for managing recurring revenue models.
This material is for informational purposes only and should not be considered financial advice.
