Fintech
BVNK launches USD payments via Swift for accessing stablecoin services
BVNK, the stablecoin provider, has launched Swift payments on its platform. This will allow businesses to access BVNK’s stablecoin services so businesses can easily move between US dollars, euros and stablecoins including USDT, USDC and PYUSD.
With the new capabilities offered by Swift, BVNK customers can tap into established and efficient global deals and complete deals with international partners. Its partnership with Swift follows the PayPal USD integration on its platform to promote stablecoin adoption.
Swift: Enable greater efficiency for BVNK customers
For example, BVNK’s payment service provider (PSP) customers and fintech companies facing growing demand to move money faster globally can send US dollars or euros to the BVNK platform, convert them into stablecoins and make payments almost instantaneous to partners and customers.
Elsewhere, FX trading platforms partnering with BVNK can, with their global customer base, receive stablecoin funds from local payment providers and automatically convert them into USD before sending them to their bank accounts.
All of this can now be completed within the BVNK platform. Businesses can also accept stablecoins on international markets via BVNK’s crypto payments gateway, automatically convert funds into USD or Euros, and send them to their bank accounts via Swift.
Speaking about this latest partnership, BVNK Director of Product and Core Banking, Maxim Ivanov, says: “We know that modern businesses want financial flexibility so they can work in the most capital-efficient way.
“They want to move funds faster around the world, with less cost and risk. By bringing payment rails and banking and blockchain currencies together into one platform, we enable this for our customers.
“Adding USD and EUR via Swift means our customers can truly take full advantage of stablecoins to accelerate money movements, wherever they are, and can easily switch back to fiat currencies if and where needed.”