BVNK Launches USD Payments via Swift for Stablecoin Services Access
BVNK, the stablecoins provider, has launched Swift payments on its platform. This will enable 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 Swift provides, BVNK customers can tap into established, efficient global settlements and complete business with international partners. Its partnership with Swift follows the integration of PayPal USD on its platform to boost stablecoin adoption.
Swift: Enabling greater efficiency for BVNK customers
For example, BVNK’s payment service provider (PSP) customers and fintechs facing increased demand to move money faster globally can send US dollars or Euros to the BVNK platform, convert it to stablecoins and make near-instant onward payouts to partners and clients.
Elsewhere, FX trading platforms that partner with BVNK can, with their global customer bases, receive funds in stablecoins from local payment providers and convert them to USD automatically before sending them to their own bank accounts.
All of this can now be completed within the BVNK platform. Businesses can also accept stablecoins in international markets via BVNK’s crypto payments gateway, convert funds automatically to USD or Euros and send them to their bank accounts via Swift.
Speaking on 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, for less cost and risk. By bringing together bank and blockchain payment rails and currencies in a single platform, we enable this for our customers.
“Adding USD and EUR via Swift means that our customers can really take full advantage of stablecoins to speed up their money movement, wherever they are based – and they can easily get back into fiat currencies if and where they need to.”
