rewrite this title Worldpay Partners with BVNK to Enable Stablecoin Payouts – Finovate

Worldpay is partnering with BVNK to enable stablecoin payouts for businesses across 180+ markets.

The integration simplifies stablecoin adoption for traditional companies by embedding BVNK’s wallet infrastructure into Worldpay’s existing payouts platform.

The move reflects broader momentum in stablecoin adoption, following similar initiatives from R3, Solana, Circle, Mastercard, and MoonPay, as demand for faster, borderless, and more efficient payment solutions increases.

Payments and banking services company Worldpay and multi-rail payments infrastructure platform BVNK are teaming up this week to help businesses across the globe use stablecoins for payouts.

Worldpay is leveraging BVNK’s embedded wallet infrastructure to allow its commercial clients across more than 180 markets to pay customers, contractors, creators, sellers, and other third parties using stablecoins in near-real-time.

By integrating with BVNK, Worldpay is making stablecoin payments accessible to organizations that lack expertise in decentralized finance. Under the new partnership, businesses will not need to hold or handle any digital assets themselves in order to pay with them.

Worldpay business clients can access the new stablecoin payout service through their existing integration with Worldpay’s payouts platform. The company plans to pilot stablecoins on the platform in the second half of this year.

With 135 fiat currencies currently available on its platform, Worldpay began offering stablecoin settlement in 2022, allowing merchants in a limited number of geographical regions to receive payments in USDC. In 2023, the company piloted a project with Visa to receive funds more quickly from the network. 

“We’re delighted to work with BVNK to bring this enterprise-grade stablecoin payout solution to market,” said Worldpay SVP, Head of Payouts John McNaught. “With a history of delivering innovative payout solutions, we are excited to meet the rising interest from clients seeking faster, more efficient global payment methods.”

The partnership, which BVNK calls “an important milestone,” will help BVNK bridge traditional and digital payment systems, ultimately creating a more accessible, efficient financial ecosystem.

The move reflects growing demand for faster, borderless payments, especially for global payout platforms paying gig workers, creators, or remote teams. Stablecoins offer the speed of crypto with the stability of fiat, reducing delays and costs in cross-border transactions.

As demand for stable DeFi increases, so have the solutions facilitating mainstream adoption. Recently, we’ve seen a partnership between R3 and Solana, Circle’s launch of the Circle Payments Network, and a collaboration between Mastercard and Moonpay, all of which exemplify the trend of traditional finance converging with blockchain-based solutions to make stablecoin payments more accessible, secure, and scalable for everyday business use.

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