PYMNTS 2 Flashcards
(23 cards)
What we do
Fireblocks Payments Engine enables companies to transfer money faster around the world and the ability to develop digital assets and crypto-based services in the most secure and scalable way. We want to ensure that payment companies keep doing whatever they’re doing faster, cheaper, and with more transparency and predictability on the blockchain.
what we do cont’d
We view blockchain-based payments as another payment system that PSPs, and at a later every company, can connect to and interact with - it is a natural evolution of the existing payment systems, which have not kept pace with technological advancements.
The Payments Engine is a suite of tools to accept, manage and settle digital asset payments across any blockchain and geography.
why?
At Fireblocks, one of the most important things we help our clients do is move and manage their money safely and easily.
Think of it like this: they have different places where they keep or use money—like a vault (a super safe place), exchanges (where they trade crypto), and banks (for regular money, called fiat).
We give them building blocks they can use to connect all those places and set up the rules for how money moves between them. That way, everything works smoothly, safely, and just how they want it
target market segment
Any customer that would like to create a multiple, serial actions within one operations.
Specifically, we see two main target audience that this feature could cater to:
PSPs (Payment Service Providers) - High Interest:
Example use case - A PSP that receives funds in MXN wishes to convert them to USD, transfer them to their vault account, and then disburse them to multiple merchants.
Trading Firms, Funds, Asset Managers - Medium Interest:
Example use case - A fund manager who wants to rebalance his collateral between two exchanges but, from a reconsolidating standpoint, wants the assets to move through their vault account.
He can create a payment flow consisting of two sequential transfers: from Exchange A to the vault and from the vault to Exchange B.
How it works
Users who want to create a custom payment flow can build a flexible cryptocurrency workflow tailored to their specific needs.
The supported actions include:
Convert: Exchange one currency for another.
Transfer: Move funds from one point to another.
Disburse: Settle payments to payees or merchants.
mission
help every business securely run its payment flows on digital asset rails
vision
To become the go-to partner for PSPs for all things digital rails - position Fireblocks payments engine as the top solution for PSPs
Make payment flows over digital rails accessible to every business in the world
motivation
We see more and more payment companies and businesses trying to evolve and migrate to the new digital assets world. That includes not only the underlying layer of asset management but also flow orchestration and money streaming, emerging markets payment economics, cross-border businesses and much more.
This shift goes beyond the benefit of companies themselves, but will drive a real change in the world by including more small businesses in the economic game, enabling micro-payments, reaching out to billions of users and making the global market more accessible to every person on the globe.
liquidity access
Fireblocks gives companies an easy way to move between crypto and regular money (like dollars or euros).
This is done through what’s called on-ramps (turning fiat into crypto) and off-ramps (turning crypto back into fiat). Fireblocks connects to many partners—like exchanges, OTC desks, and banks—so businesses can access liquidity (enough assets to buy, sell, or transfer) when they need it.
Whether a company is paying vendors in stablecoins, accepting crypto from customers, or needs to cash out to a bank account, Fireblocks makes those flows secure, fast, and compliant—without needing to manage 5 different systems to do it.
why buy?
growth, response to client demand, reducing cost or driving efficiencies in internal ops
why buy?
growth-> make money
response to client demand -> keep up with w/ customer’s need
reducing cost or driving efficiencies in internal ops-> utlize the benefit of blockchain/stablecoins
why fbks?
1) save time & $ in developing internal business logic tools (payments flows)
2)save operational cost & time- configure automation rules to eliminate manual & repetitive payment and treasury operations (automation)
3)a dedicated team with expertise in both fiat & crypto payments (pymts team)
4)the most most trusted brand in the market with 200+ companies
why now?
1) stablecoin market is growing rapidly
2)merchant and consumer demand for digital asset solutions continue to grow
3)regulation is becoming clearer
4)Traditional or established companies are getting into this new market faster than before
LPS
Liquidity is the engine. The better your access to it, the faster and smoother you can launch products, grow markets, and serve customers — all while reducing cost and risk.
Without liquidity, you can’t easily buy or sell assets — or you get stuck with poor prices and delays. Access to top LPs means:
Tighter spreads (better prices)
Faster execution
Lower slippage, especially for large transactions
If Trad or B2B PSP, why blockchain in 2025?
Growth: Servicing new payment corridors or client types that they cannot effectively service without digital assets.
Response to Client Demand: Some clients demand to pay or be paid in stablecoins, as it has a positive impact on their downstream operations
Reducing Cost or Driving Efficiencies in Internal Operations: global businesses sometimes turn to digital assets, such as in the case of large conglomerates moving funds out of Africa or into APAC. These new rails enable them to reduce the cost of transfers and manage capital more efficiently.
benefits
Connect in one platform = instantly access to 40+ exchanges and on/off ramps.
Visibility = manage operations and track the entire payments flow in real-time so you always know where and when funds will arrive.
Get to market faster = pre-built flows (merchant settlement, cross border and payouts).
Save time and cost with automations = our no-code workflow builder lets you custom triggers, conditions and events to automate daily tasks such as rebalancing, sweeping wallets, converting tokens and distributing payouts.
Talking points
We are committed to building the best products to serve dif use cases - right now 4 key use cases are 1) cross border settlement for internal treasury 2) merchant settlement- ex world pay merchants based in LATAM unable to open US Bank Accts + be paid in USD- so we helped wp open wallets for them to get paid and settled directly in stablecoins by USDT 3+4) payin/payouts- let buyers click in to pay in stablecoins and pay out to gig economy workers/enployees
Talking point
Interest of companies not only just focused on crypto payments- but other established businesses that have been around for 20+ yrs taking an in interest now- not just because of the hype but coming from an innovation angle- I believe stablecoins are solving real problems the are facing
Fireblocks infra/not in flow
Fbks is a backend/infra company the nice thing is we provide you the individual building blocks and you decide the blocks to put into your system- not in flow we provide you the tech to execute transactions
Payment flow builder
Whether you’re looking to create payouts to gig economy workers, settle faster with merchants or build new ways to accept payments- the builder makes it even simpler and faster for businesses to build new services with digital assets
Numbers
Fireblocks is the worlds most trusted and proven digital asset infra company, empowering orgs of all sizes to build, run and grow their business on the blockchain. With the industry’s most secure, scalable and comprehensive platform, we streamline custody, payments, settlements and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world.
Over 2k org, 200+ payment companies, used by BNY Galaxy Revolut to secure more than $10T in digital asset transactions across 100+ blockchains and 300+ million wallets created
