Lydian has built an application that lets merchants using Clover point-of-sale systems accept payments in digital assets at the checkout and online, while still receiving settlement in local currency.
The application, known as the Lydian app, is designed for distribution through Clover's marketplace. Clover is owned by payments group Fiserv and has a large installed base of small and mid-sized merchants.
Merchants will be able to download the app and present a "Pay with Crypto" option during payment. The service supports payments from more than 300 digital assets, including USDT, Bitcoin and Ethereum.
The companies are positioning the integration as a way for merchants to add digital asset acceptance without rebuilding their payments set-up. Clover merchants already use Clover devices for card-present payments and for a growing range of software add-ons distributed through its app ecosystem.
Scale and reach
Clover has sold more than four million point-of-sale devices globally and serves around 700,000 merchant businesses worldwide. That footprint gives Lydian access to a broad base of retail and hospitality locations, as well as online sellers that run payments through Clover.
Sales representatives and merchants in nine countries can register to join an early group of users, according to the companies. Those markets include the US, UK, Canada, Ireland, Germany, Singapore, Brazil, Argentina and Mexico.
The Lydian app is intended to work at the physical point of sale and in online checkout. For shoppers, the payment flow is presented as similar to familiar card and QR code experiences.
Settlement model
Lydian said it will manage digital asset conversion and settlement in the background and pay merchants out in local fiat currency. That structure is aimed at reducing a major obstacle in crypto acceptance for many businesses, which is price volatility in the asset used to pay.
The company also argues that its approach reduces operational burdens tied to custody. In that model, merchants do not need to hold or manage digital assets directly as part of the payment process.
Lydian also highlighted chargeback risk as a factor for merchants assessing new payment methods. Crypto payments often follow different dispute mechanics from card payments, depending on how transactions are structured and processed.
Compliance controls
The company said its infrastructure connects payment service providers with stablecoin liquidity and that it streamlines compliance and operational requirements. It also said compliance checks run throughout the transaction process.
Lydian said each wallet is screened in real time against sanctions lists, fraud databases and high-risk indicators. The company said transactions that raise concerns are routed for additional review before approval.
The move comes as stablecoins draw attention from payment firms and financial institutions as a digital representation of fiat currency. Lydian cited McKinsey data that stablecoin usage has doubled over the past 18 months.
Regulation has also become a sharper focus for firms operating in digital assets. Lydian pointed to the GENIUS Act in the United States and Europe's MiCA regulation as examples of frameworks that provide guidance on digital asset activity in payments.
Backers and positioning
Lydian describes itself as a digital asset payment infrastructure provider. The company says it is backed by Tether and Cantor Fitzgerald.
The integration with Clover is framed as an attempt to bring digital asset payments into mainstream merchant checkouts across multiple geographies. It is also framed as access to a larger market for firms that already manage card and alternative payments.
Merchants have shown interest in alternative payment methods when they see shifts in customer preference, lower processing fees or improved settlement speed. Lydian said its platform offers lower acceptance fees, faster processing and same-day settlement, while keeping settlement in local currency.
"Merchants have long faced barriers to offer digital asset payments safely, while millions of consumers in emerging markets have been shut out of parts of the digital economy. Lydian is changing that," said Carl Grimstad, CEO, Lydian.
"This solution is the first step toward reaching the 820 million digital wallets in use worldwide and tapping into the $4 trillion digital asset economy. Lydian was built to let anyone spend digital assets for everyday purchases in a way that feels completely familiar, while giving merchants fast, local-currency settlement with no added complexity.
"By making our solutions available through a leading payment provider like Clover, millions of merchants can now accept any digital asset from any wallet - simply and globally," said Grimstad.