Australian payment card company Eftpos trial stablecoin micropayments

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Eftpos, the leading Australian debit card network is using distributed ledger technology (DLT) from Hedera Hashgraph to trial a stablecoin micropayments system that could rival traditional online methods.

Australian payment card company Eftpos trial stablecoin micropayments

In an exclusive press statement shared with CoinDesk, Eftpos Australia CEO Stephen Benton said the collaboration between the two companies is a key part of Eftpos’ digital payments strategy.

Eftpos is Australia’s major debit card payments system having clocked more than 2 billion transactions in 2019, worth around AU$130 billion (US$92.8 billion).

The strategy is attempting to showcase the use of micropayments

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