Digital payment platform Cybrid has introduced an instant payment API that integrates FedNow and Real-Time Payments (RTP) networks to alleviate the common inefficiencies associated with traditional payment systems.
By integrating stablecoins and Bitcoin Lightning into established payment infrastructures, the company provides a solution for businesses seeking to optimise cross-border and domestic transactions.
Cybrid’s instant payment API streamlines international and domestic payments, eliminating delays, high fees, operational obstacles and secure payments with FedNow and RTP.
It is said to offer real-time settlement and cost efficiency, while removing counterparty risk.
The API utilises a good-funds model to guarantee direct, secure, and instantaneous transactions without counterparty risk.
Furthermore, the platform offers global scalability, simplifying cross-border payments and enabling businesses to expand and collaborate with partners worldwide.
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By GlobalDataCybrid’s API ensures seamless integration with existing financial systems, which allows for swift adoption without disrupting current workflows.
Additionally, the built-in tools of the API adhere to global standards, ensuring secure and compliant operations across various countries.
Cybrid co-founder and CEO Avinash Chidambaram said: “At Cybrid, we’re redefining how businesses approach global and domestic payments. By integrating both FedNow and RTP, our instant payment API eliminates barriers created by outdated systems, empowering businesses to operate faster, reduce costs, and seize growth opportunities in an increasingly interconnected world.”
Cybrid, founded in 2022, connects established payment rails with stablecoins and Bitcoin Lightning.
This enables US and Canadian-based businesses to carry out domestic and cross-border transactions in a timely and secure manner.