Latest news with #JesseHemsonStruthers
Yahoo
05-06-2025
- Business
- Yahoo
LianLian Global partners with BVNK to power stablecoin payments
LianLian Global, a provider of cross-border payment services, has teamed up with South African fintech BVNK to incorporate stablecoin payment capabilities within its network. This initiative aims to benefit merchants operating in over 100 countries, allowing them to utilise major stablecoins for funding cross-border transactions. The integration is expected to reduce settlement times for merchants, from several days to just minutes, stated BVNK. The collaboration merges LianLian Global's merchant network and proficiency in handling local currencies with BVNK's stablecoin infrastructure and auto-conversion technology. Upon receiving stablecoin deposits from merchants, BVNK converts these into USD, which LianLian Global then disburses across its international network. Lianlian Europe CEO Adora Wang stated: 'Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we're meeting growing demand for stablecoin payment rails, helping our customers in ecommerce, marketplaces and other sectors to boost liquidity and execute cross-border payouts in 130 currencies with unprecedented efficiency.' BVNK CEO and co-founder Jesse Hemson Struthers said: 'Stablecoins are reshaping global finance. Through this partnership, LianLian Global's merchants can transform idle digital assets into instant cross-border payment fuel.' BVNK offers a platform that provides stablecoin payment infrastructure via a single API. This platform enables businesses to transmit, receive, exchange, and hold both stablecoins and fiat currencies across various payment systems and blockchains. This follows an alliance between Worldpay and BVNK to offer stablecoin payout capabilities for the former's global customer base. "LianLian Global partners with BVNK to power stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
27-05-2025
- Business
- Finextra
Worldpay partners BVNK for stablecoin payouts
Worldpay has enlisted BVNK to bring nearly instant global payouts in stablecoins to its clients in the US and Europe. 2 The collaboration will enable Worldpay's clients to pay out to customers, contractors, creators, sellers, and other third party beneficiaries in stablecoins across more than 180 markets nearly instantly, without having to hold or handle the digital assets themselves. With a pilot set to go live in the second half of the year, clients will access the service through their existing integration with Worldpay's payouts platform. Stablecoin adoption is exploding, with $27 trillion in total transaction volume globally across 1.25 billion transactions in 2024, according to Visa analysis. The deal builds on previous forays into stablecoins for Worldpay, which began offering merchants in some places the ability to receive settlements in USDC back in 2022 and has also completed a pilot with Visa to receive funds more quickly from the network. Jesse Hemson-Struthers, CEO, BVNK, says: 'Stablecoins are unlocking a new paradigm for global cross-border payments, offering benefits in speed, transparency, and accessibility versus traditional financial infrastructure, with around $5.7 trillion of stablecoin payments made in 2024. "However, interacting with crypto and blockchain technology can be daunting, which has limited adoption historically. When trusted providers like BVNK and Worldpay work together, we can simplify some of the complexity and bring modern, efficient payments options - on high-speed payment rails - to businesses across the globe.'
