Episode Six and Immersve launch decentralized scheme payment card
By Gloria Methri
Episode Six, the global payments and banking infrastructure provider has partnered with Immersve, a multichain payments protocol, and Scheme card issuer, to facilitate Scheme payments directly from Web3 digital wallets.
The partnership brings together Episode Six’s issuer processing expertise and Immersve’s blockchain technology to give consumers access to a decentralized scheme payment product.
Episode Six provides card management and card issuance services as well as transaction processing, which confirms transactions against a blockchain-based ledger. This includes settling payments with USDC Stablecoin.
“Our technology provides a bridge between blockchain and digital assets and the current financial system,” said John Mitchell, CEO, and Co-Founder of Episode Six. “We can accommodate any unit of value on our platform, including traditional and digital currencies, loyalty, or reward points. Now, consumers will be able to pay for goods and services directly from their crypto wallets in real-time.”
According to research from IDC, 60% of global consumers will have made transactions using an asset class other than fiat currency by 2030. It is also estimated that the volume of non-fiat transactions will likely exceed $166 billion by 2030. This will give rise to the need for secure payment rails and that is where Episode Six enters the picture.
Jerome Faury, Co-Founder at Immersve said, “We believe individuals should be the master of their money and be in complete control of their payment experience. To enable this Immersve is building bridges and breaking silos, creating new types of financial freedom through digital trust. We are developing visionary infrastructure that makes it possible for individuals to transact crypto directly from their web3 wallet for any purchase – be it digital, physical, or the metaverse, where scheme payment cards are accepted.”
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