LianLian Global, a China-based cross-border payments company, has partnered with BVNK, a stablecoin infrastructure platform for payment service providers, to offer stablecoin payment capabilities to its international customer base.
This collaboration will allow LianLian Global’s merchants in over 100 countries to fund cross-border transactions within minutes using major stablecoins, rather than waiting days through traditional methods.
The partnership brings together LianLian Global’s extensive international merchant network and local currency expertise with BVNK’s stablecoin infrastructure and automatic conversion technology.
LianLian’s business customers will now be able to use stablecoins to speed up payment cycles, improve liquidity and streamline cross-border payouts.
Under this integration, BVNK converts stablecoin deposits into US dollars, which are then routed through LianLian Global’s global payment network.
“Stablecoins have emerged as a powerful global settlement tool,”
said Adora Wang, Chief Executive Officer of LianLian Europe.
“By partnering with BVNK, we are 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. We selected BVNK for their proven experience serving global payment service providers, extensive banking relationships and comprehensive multi-stablecoin offering that gives our customers maximum flexibility.”
BVNK, which supports other payment providers including Worldpay and Deel, currently processes an annualised stablecoin volume of US$14.5 billion.
“Stablecoins are rapidly reshaping global finance,”
said Jesse Hemson-Struthers, Co-Founder and CEO of BVNK.
“Through this partnership, LianLian Global’s merchants can transform idle digital assets into instant cross-border payment fuel. Together, we are removing technical barriers so businesses worldwide can access these high-speed payment rails and move their money faster than ever before.”
Featured image credit: Edited by Fintech News Switzerland, based on image by Freepik
