Rain CEO Farooq Malik says Rain enables stablecoin payments that reach more than 100,000 merchants, who may not realize they are receiving crypto-based transactions. Malik says the payments are settled through Visa’s payment network and typically take about three days.
The Block and PYMNTS both report Malik’s claim in connection with Rain’s role in moving stablecoins through existing card rails rather than requiring merchants to directly interact with crypto infrastructure. Both outlets describe this as merchants receiving stablecoin value without having explicit awareness of the underlying mechanism.
The coverage focuses on the scale of adoption (100,000-plus merchants), the settlement path (Visa network), and timing (around three days). Neither outlet provides additional independent verification in the reports cited, nor does either detail how merchants are categorized, what stablecoins are involved, or whether merchant awareness varies by region or payment type.
