As a seasoned crypto investor with extensive experience in global business transactions, I’m thrilled about BVNK’s latest announcement enabling Swift payments on its platform. This development is a game-changer for businesses like mine that operate in international markets and deal with various currencies and payment systems.
Today, BVNK, a trusted stablecoin payments provider, unveiled the integration of Swift payments into its system. This development allows businesses to seamlessly transfer funds among US dollars, Euros, and digital currencies such as USDT, USDC, and PYUSD.
As a crypto investor utilizing BVNK, I can now take advantage of streamlined international settlement processes and conduct transactions with global partners more effortlessly.
- Payment service providers (PSPs) and fintechs facing increasing 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 clients and partners.
- FX trading platforms with their global customer base can receive funds in stablecoins from local payment providers, and automatically convert them to US dollars, before sending them to their bank accounts – all within the BVNK platform.
- Businesses accepting stablecoins in international markets via BVNK’s crypto payments gateway, can convert the funds automatically to US dollars or Euros and send them to their bank accounts via Swift.
Maxim Ivanov, the Director of Product at Core Banking, acknowledged that contemporary businesses seek financial agility to operate more effectively with their capital. They aim to transfer funds swiftly across the globe while minimizing expenses and hazards.
I noted that merging bank payment rails, blockchain, and multiple currencies in one platform allows our customers to maximize their use of stablecoins for swift money transfers. Integrating USD and EUR via Swift ensures they can efficiently leverage these digital assets, regardless of their location. Additionally, they have the flexibility to convert back into fiat currencies when necessary.
As a crypto investor engaged with a prominent FX trading platform, I can tell you that being part of a global business necessitates collaborating with numerous Payment Service Providers (PSPs) in diverse regions and currencies. In response to the surging need for swift and hassle-free transactions, receiving settlement from these PSPs in stablecoins is now indispensable.
As a researcher, I’m grateful that BVNK has entered the scene, simplifying the process for me to receive stablecoins, exchange them into USD, which is our preferred currency, and effortlessly transfer the funds to FX trading platforms using Swift. BVNNK’s service acts as a bridge between Payment Service Providers (PSPs) and banks, significantly reducing both time and costs for me.
Read More
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Disney+ Lost A Ton Of Subscribers After The Company Raised Prices, But It Didn’t Seem To Matter For Another Streamer
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- ‘The Last of Us’ Gets Season 2 Premiere Date
- Unveiling the Enchanting World of Peer-to-Peer Crypto: A Witty Guide
- Andrew Garfield’s Spider-Man in Secret Wars Fan Art Will Blow Your Mind
- Captain America: Brave New World Producer Explains Why a Major Character Was Cut Out
- Former ‘Bachelorette’ Star Katie Thurston Reveals Breast Cancer Diagnosis: “Waiting on Learning What Stage”
2024-06-14 23:33