Global payments provider MiFinity has launched a stablecoin payout service for merchants in partnership with stablecoin infrastructure provider BVNK.
PayAnyCoin provides businesses with an alternative cross-border settlement route that complements traditional banking rails.
Mastercard entered into a definitive agreement to acquire BVNK for up to US$1.8 billion earlier this year, with BVNK providing the underlying blockchain infrastructure for the service.
Merchants can access stablecoin payouts through their existing MiFinity API integration, allowing businesses to extend their global payout capabilities without changing existing operational workflows or payment infrastructure.
PayAnyCoin operates alongside MiFinity’s existing bank and card payout services, supporting near-instant settlement through 24/7 blockchain payment rails across multiple blockchain networks.
MiFinity designed the service to give merchants greater flexibility in managing international payouts while maintaining enterprise-level compliance and governance controls.
“Our merchants are increasingly looking for faster, more flexible ways to move money across borders without compromising compliance or operational simplicity,”
said Paul Kavanagh, CEO of MiFinity.
“Stablecoins are transforming how businesses move money globally, offering faster settlement and greater efficiency than traditional payment rails alone,”
said Chris Harmse, Co-Founder and Chief Business Officer of BVNK.
Featured image credit: Edited by Fintech News Switzerland, based on image by magnific via Magnific
