BVNK Integrates Swift to Enable PSPs, Fintechs, and FX Platforms to Leverage Stablecoins for Global Settlement

This enhancement enables BVNK customers, including payment service providers (PSPs), fintechs, and FX trading platforms, to leverage efficient global settlement capabilities.

Fintech firm BVNK has announced the integration of Swift for USD and EUR transactions, enabling its customers to fully capitalise on stablecoins for accelerated money movements across borders.

This enhancement enables BVNK customers, including payment service providers (PSPs), fintechs, and FX trading platforms, to leverage efficient global settlement capabilities. PSPs and fintechs can initiate transactions in USD or EUR BVNK, convert them into stablecoins, and swiftly execute payouts to clients and partners. FX trading platforms can similarly receive funds in stablecoins from local payment providers, convert them to USD, and transfer them to their respective bank accounts through BVNK.

Moreover, businesses using BVNK’s crypto payments gateway can seamlessly convert stablecoin proceeds into USD or EUR and transfer them via Swift to their bank accounts.

In the company press release, officials from BVNK highlighted the platform’s goal to offer financial flexibility and expedite global fund transfers at reduced costs and risks. They emphasised that BVNK’s integration of Swift for USD and EUR transactions allows customers to fully capitalise on stablecoins for accelerated money movements across borders.

“BVNK is offering its customers the ability to quickly and efficiently move funds globally, thanks to its integration with Swift for USD and EUR transactions,” the press release reads.

“This enhancement enables BVNK customers, including PSPs, fintechs, and FX trading platforms, to fully capitalise on stablecoins for accelerated money movements across borders.”

BVNK’s platform supports 14 major digital currencies, stablecoins, and 15 fiat currencies, positioning itself as a comprehensive solution for modern payments infrastructure.

“We are excited to offer our customers even greater financial flexibility and efficiency with the integration of Swift for USD and EUR transactions,” BVNK officials stated in the press release.

“This enhancement will enable our customers to fully capitalise on stablecoins for faster, lower-cost, and lower-risk global fund transfers.”

As a reminder, involvement in cryptocurrencies carries inherent risks, including exposure to counterparty risk and potential asset unavailability during insolvency events. Users are encouraged to educate themselves further on these risks.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bvnk-integrates-swift-enable-psps-fintechs-fx-platforms-leverage-stablecoins-global-settlement.html

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