PhotonPay joins Circle Arc’s public testnet to progress payment innovation

PhotonPay, an AI-powered financial infrastructure provider, has joined Circle’s Arc public testnet to progress global payment innovation.

The Arc public testnet is claimed to be an open, developer-friendly Layer-1 blockchain intended to bring real-world economic activity onchain and evolve into an economic operating system (OS) for the internet.

Collaborating with companies in global payments, technology, and fintech, this initiative is claimed to represent advancement in the development of open and programmable financial infrastructure.

It also underscores an important transition in the modernisation of global payment systems, with the objective of enabling enterprises to implement blockchain-based financial solutions.

Claimed to be used by more than 200,000 businesses worldwide to address banking and payment challenges, PhotonPay offers scalable, and customisable solutions including accounts, card issuing, global payouts, online payment, FX management, and embedded finance.

Arc represents a milestone in developing open financial networks for the global economy. It  features predictable dollar-based fees, sub-second transaction finality, optional privacy configurations, and seamless integration into Circle’s full-stack platform.

Furthermore, it supports a range of use cases across lending, capital markets, FX, and international payments.

Via participation in Arc’s testnet, PhotonPay aims to bridge traditional finance with blockchain-powered innovation. The company seeks to advance transparency, security, and efficiency across the global financial ecosystem.

Last month, Circle Internet Group announced the launch of the public testnet for Arc.

The launch features engagement from more than one hundred companies across the financial and economic system, with deep infrastructure support and global participation.

Arc is now available for developers and enterprises to deploy, test, and build what Circle describes as the new Economic Operating System (OS) for the internet.