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Processing Currency Meaning

Processing currency is the specific fiat or digital currency that a payment processor uses to Authorize and Clear a transaction. It is often different from the Transaction Currency (the currency the customer sees) or the Settlement Currency (the currency the merchant actually receives in their bank account).

For a global business, managing these multiple currencies is a major Operational Challenge that can lead to significant Foreign Exchange (FX) Costs.For example, if a customer in Japan buys a product from a US store, the Transaction Currency is Yen. The Processing Currency might be the US Dollar, as that is the Home Currency of the merchant's Acquiring Bank.

The payment processor handles the Conversion in the background. If the processor is efficient, they will Route the transaction to a local Japanese bank to keep the Processing Currency in Yen, avoiding the Cross-Border Fees that eat into the merchant's profit.In the Crypto World, processing currency refers to the Stablecoin or Native Asset used to facilitate a trade.

On a Decentralized Exchange, if you want to swap a rare token for another, the Processing Currency is often ETH or SOL, which is used to pay the Network Fees (Gas). Some Layer 2 networks allow for Gasless transactions, where the Processing is done in the background by a Relayer, allowing the user to pay the fee in the same token they are sending.For Payment Service Providers (PSPs), the ability to offer a wide range of processing currencies is a Competitive Advantage.

It allows Global Merchants to reach more customers by offering Local Pricing. By using Stablecoins (like USDC) as an Internal Processing Currency, fintechs can move money across borders in seconds at a fraction of the cost of the traditional SWIFT banking system, representing a Leap Forward in global financial efficiency.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.