rewrite this title BVNK Launches Embedded Wallet to Unify Fiat and Stablecoins  – Finovate

BVNK is launching an embedded wallet that unifies fiat and stablecoins.

The new wallet will allow fintechs, payment providers, and platforms to offer their customers seamless multi-currency payments across traditional and blockchain rails.

The API-powered wallet supports USD, GBP, EUR, and stablecoins, with auto-conversion options, compliance handling, and direct integration into client platforms under their own brand.

After raising $50 million for its stablecoin infrastructure platform two months ago, multi-rail payments infrastructure platform BVNK announced the launch of an embedded wallet that unifies fiat and stablecoins across the globe.

BVNK is launching the embedded wallet to help fintechs, crypto, and payment companies accelerate money movement for their customers by bringing together fiat and stablecoins on a single platform, providing payment flexibility. Using the new embedded wallet API, users can allow their customers to store, spend, and get paid in USD, GBP, EUR, and stablecoins any time of day.

The wallet, however, does not require end users to hold crypto even if they want to pay using crypto. BVNK has auto-conversion features that allow users to automatically convert stablecoin payments they receive into fiat currencies, or fiat to stablecoins upon payout.

The new wallet offers direct access to payments on leading blockchains and traditional networks such as Swift, ACH, and SEPA. Clients can use BVNK’s embedded wallet API to make the functionality available within their platform and as their own brand. In addition to the movement of funds, BVNK is responsible for the custody, safeguarding, and KYB and KYC compliance.

BVNK is gearing its new embedded wallet to serve three main user groups: payment service providers and fintechs, which can use it to offer their customers payout capabilities; payroll and tech companies, which can use it to speed up payments to international workers, hosts, creators and sellers; and cryptos and neobanks, which can use it to allow their customers move from USD, EUR and GBP to stablecoins within your app.

BVNK’s announcement is a clear example of the payment industry’s collective shift toward adopting stablecoins, which are cryptocurrencies pegged to fiat or a physical asset. Over the past six months, both fintechs and banks have shown increased interest in stablecoins because of their potential to bring significant value to users. That’s because they are both instant and inexpensive, unlike payments made via traditional payments rails such as SWIFT.

Notably, stablecoins work great for cross-border payments and remittances because they offer greater accessibility compared to traditional banking systems, while also mitigating the volatility typically associated with other cryptocurrencies.

These attributes make BVNK’s embedded wallet a compelling tool for businesses looking to harness the speed, flexibility, and cost advantages of stablecoins without the complexity typically associated with handling crypto. By seamlessly bridging fiat and stablecoins within a single, embedded solution, BVNK empowers fintechs, payment providers, and global platforms to offer faster, more affordable cross-border payments, enabling their customers to send, receive, and convert funds across currencies and rails with minimal friction.

Photo by cottonbro studio

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