BVNK, a FinTech company, announced the launch of the world’s first embedded B2B payment solution that combines traditional currencies and stablecoins, specifically designed for international transactions.
A new embedded wallet released by FinTech company BVNK supports fiat currencies (USD, EUR, and GBP) and stablecoins (USDC, USDT, and others), allowing for 24/7/365 real-time payment processing. The platform is focused on international payments, offering the ability to automatically convert assets and access global payment systems.
BVNK ensures KYB/C compliance and guarantees fund security by acting as both the custodian and the payment processing service. The wallet’s functionality allows for automatic conversion between stablecoins and fiat currencies on both the input and output sides, without the need to hold crypto directly in the account.
The BVNK infrastructure supports traditional payment systems like ACH Network, Fedwire, SEPA, SWIFT, and Faster Payments Service for traditional transactions and also provides direct access to blockchains such as Bitcoin, Ethereum, Solana, XRP Ledger, and others.
The flexible API integration allows businesses to leverage BVNK’s payment infrastructure under their own brand. This solution is aimed at financial and crypto platforms, FinTech services, neobanks, payment service providers (PSP), and companies involved in mass payouts.
“We see more FinTech companies ready to serve customers interested in cryptocurrencies, further expanding digital asset adoption and making them accessible to businesses in various industries who may lack experience in this space but are starting to recognize the significance of digital assets in staying competitive,” said Max Krupyshev, CEO of CoinsPaid , during the Purpose Driven FinTech podcast.
In July 2024, BVNK announced the launch of Layer1, a self-service payment infrastructure for stablecoin payments, allowing businesses to store assets independently and integrate the payment infrastructure into their platforms with fewer than 200 lines of code.
