Latest news with #marketplaces
Finextra
17 hours ago
- Business
- Finextra
Bolt launches support for stablecoin payments
Bolt, the checkout, identity and payments platform, today announced Bolt Connect, a new product designed to help marketplaces onboard merchants faster, streamline operations and scale with fewer resources. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Bolt Connect gives marketplace operators a single integration to support one-click merchant onboarding, built-in compliance workflows, and low-fee or no-fee payouts. With Bolt managing the infrastructure, marketplaces can grow more efficiently while controlling their own brand experience and business model. The company also announced support for stablecoin payments, giving merchants and shoppers enhanced flexibility through new digital payment infrastructure. "Marketplaces shouldn't have to choose between scale and simplicity," said Ryan Breslow, Founder and CEO of Bolt. "With Bolt Connect, we're giving them the tools to grow without the usual technical burden, while stablecoin support opens the door to faster, borderless payments for everyone in the network." Bolt Connect: Built for Marketplaces Bolt Connect is designed to manage costly and time-intensive commerce infrastructure for marketplaces. It enables them to easily onboard and support sellers—whether they have 10 or 10,000—without significant development work and resources. Bolt handles the compliance, payouts, and infrastructure behind the scenes, giving marketplaces a clean path to scale while maintaining a seamless experience for both merchants and end users. Stablecoins: Faster, Cheaper, Global Payments Bolt's support for stablecoins will benefit both sides of the transaction. For merchants, it means faster settlement, lower transaction fees, and easier cross-border payouts—especially relevant for marketplaces using Bolt Connect. Stablecoins allow operators to move money globally without relying on banks or card networks. For shoppers, stablecoins offer a private, instant and borderless way to pay, no credit card, bank account or international fees required. These announcements follow a string of recent product launches from Bolt, part of the company's mission to make commerce easier for merchants and more intuitive for shoppers, regardless of platform, payment method or geography. Recent highlights include a strategic partnership with Palantir to launch Checkout 2.0, an AI-powered, personalized checkout experience that adapts in real time to shopper behavior and preferences, and the debut of Bolt's SuperApp, an all-in-one finance and crypto hub. It also recently launched Bolt Charge, a subscription solution that powers recurring payments for digital goods with no platform fees.
Yahoo
17-06-2025
- Business
- Yahoo
Authentic Brands Group Taps Amazon Exec to Head Marketplace Effort
Authentic Brands Group has brought Amazon executive Tim Derner on board as its new global head of marketplaces. Derner had been at Amazon for more than a decade, serving most recently as director of Amazon Fashion and Luxury Stores where he played a pivotal role in transforming that division into the world's largest fashion retailer. More from WWD France Moves to Curb 'Ultra-fast' Fashion With Bill Targeting Shein and Temu Rebag Expands Access to Pre-loved Luxury Goods With New Amazon Collaboration David Beckham, Jamie Salter Inaugurate Authentic Brands Group APAC Headquarters in Shanghai During his time there, he worked closely with Authentic to significantly expand the online presence of several of its brands including Reebok, Brooks Brothers, Eddie Bauer, Aeropostale and others. At Authentic, Derner will spearhead the expansion of the company's global distribution strategy, with a focus on strengthening partnerships, accelerating brand reach and driving incremental value across platforms, the company said. He reports to Matt Maddox, president, and will work closely with Adam Kronengold, chief digital officer, and Jarrod Weber, global president of sports and lifestyle. 'Marketplaces are a critical engine for long-term brand growth,' said Maddox. 'Tim's track record of building high-performing teams and scaling digital marketplaces worldwide makes him the ideal leader to deepen our capabilities in this space. His appointment marks a significant step in making this channel a cornerstone of our global distribution strategy.' 'Authentic has built an unparalleled portfolio, and there's an incredible opportunity to reimagine how iconic brands show up on global marketplaces,' Derner said. 'We're just scratching the surface of what's possible when great brands are optimized for discovery and conversion at scale, and I'm thrilled to help build on that momentum through world-class marketplace execution.' Authentic owns more than 50 brands and generates about $32 billion in annual retail sales. Best of WWD Kate Middleton's Looks at Trooping the Colour Through the Years [PHOTOS] Young Brooke Shields' Style Evolution, Archive Photos: From Runway Modeling & Red Carpets to Meeting Princess Diana The Most Memorable French Open Tennis Outfits With Serena Williams, Naomi Osaka & More [PHOTOS]
