PhotonPay Joins Circle's Arc Testnet to Revolutionize Global Payments

In a significant move towards modernizing global payment systems, PhotonPay, an AI-powered financial infrastructure provider, has joined Circle's Arc public testnet. The Arc testnet is an open, developer-friendly Layer-1 blockchain network that aims to bring real-world economic activity on-chain and evolve into an economic operating system (OS) for the internet.

This collaboration represents a notable advancement in the development of open and programmable financial infrastructure, as PhotonPay seeks to bridge traditional finance with blockchain-powered innovation. PhotonPay, which is claimed to be used by more than 200,000 businesses worldwide, offers scalable and customizable solutions, including accounts, card issuing, global payouts, online payment, FX management, and embedded finance.

By participating in the Arc testnet, PhotonPay aims to drive transparency, security, and efficiency across the global financial ecosystem. Arc features predictable dollar-based fees, sub-second transaction finality, optional privacy configurations, and seamless integration into Circle's full-stack platform, supporting a range of use cases across lending, capital markets, FX, and international payments.

The launch of the Arc public testnet last month marked a significant milestone in developing open financial networks for the global economy, with engagement from more than one hundred companies across the financial and economic system, and deep infrastructure support and global participation.