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MNEE Pay, a newly launched stablecoin payment acquiring platform, has introduced itself at the eTail Palm Springs conference as a solution for retailers seeking to reduce the costs associated with processing consumer transactions.

The MNEE Pay platform allows retailers to accept stablecoins as an alternative to traditional credit card networks. The innovation operates alongside existing systems without disrupting the familiar checkout experience customers already use. By utilizing stablecoin infrastructure, the company offers merchants a processing fee of less than one percent plus a small flat fee. This is poised to be significantly better compared to the industry average of around three percent. The platform also eliminates the risk of chargebacks for merchants, as stablecoin payments are irreversible.

MNEE Pay is designed with bank-grade compliance certifications and integrates with existing point-of-sale systems and e-commerce platforms.