BVNK Enables Swift Payments on Its Platform, So Businesses Can Move Easily Between US Dollars, Euros and Stablecoins

BVNK, the stablecoin payments provider, announced today that it has enabled Swift payments on its platform, so businesses can move easily between US dollars

Fintech firm BVNK, which provides stablecoin payments, announced on Monday that Swift payments are now available on its platform, enabling businesses to easily transfer funds between US dollars, Euros, and stablecoins such as USDT, USDC, and PYUSD.

With the new capabilities, BVNK customers can access more efficient global settlement and conduct business more easily with partners around the world.

“We know that modern businesses want financial flexibility so they can operate in the most capital-efficient way. They want to move funds faster around the world, for less cost and risk,” said Maxim Ivanov, Director of Product, Core Banking.

“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.”

“As a global business, we work with numerous PSPs across various regions and currencies. With the increasing demand for fast and convenient transactions, settlement from our PSPs in stablecoins has become essential,” said the Head of Payments at a leading FX trading platform.

“Thankfully, BVNK stepped in, providing a seamless solution to receive stablecoins, convert them to USD—our primary currency—and transfer them directly to bank accounts of FX trading platforms via Swift. BVNK offers the perfect pathway from PSPs to banks, saving valuable time and money.”

News source：https://www.kdj.com/cryptocurrencies-news/articles/bvnk-enables-swift-payments-platform-businesses-move-easily-dollars-euros-stablecoins.html

The above is the detailed content of BVNK Enables Swift Payments on Its Platform, So Businesses Can Move Easily Between US Dollars, Euros and Stablecoins. For more information, please follow other related articles on the PHP Chinese website!