Worldpay and BVNK have announced a collaboration to offer near-instant global payouts in stablecoins for clients in the UK and the US.
The partnership aims to allow businesses to pay third-party recipients such as customers, contractors, content creators, and sellers in stablecoins across over 180 markets, without requiring them to manage or hold the digital assets directly.
The new service will be available through Worldpay’s existing payouts platform. Stablecoins will be the first form of digital asset to be supported on the platform, which currently supports 135 fiat currencies.
This marks a significant development in Worldpay’s approach to integrating digital assets into its financial services.
Worldpay began exploring stablecoin capabilities in 2022, when it introduced the option for merchants in selected regions to receive settlements in USDC.
In 2023, the company completed a pilot programme with Visa to expedite fund transfers. The upcoming launch of stablecoin payouts, in collaboration with BVNK, continues this trajectory.
“As confidence in emerging technologies like crypto and digital assets grows, clients are increasingly open to using stablecoins to streamline payouts, navigate currency fluctuations, and settle with third parties in regions where digital assets are preferred,”
said John McNaught, Head of Payouts at Worldpay.
“Our new stablecoin payout service allows clients across all Worldpay’s verticals, such as marketplaces, travel, and gaming, to make seamless payouts without handling digital assets themselves. We are delighted to work with BVNK to bring this enterprise-grade stablecoin payout solution to market.”
Jesse Hemson-Struthers, Co-founder and Chief Executive of BVNK, noted:
“Stablecoins are unlocking a new paradigm for global cross-border payments, offering benefits in speed, transparency, and accessibility versus traditional financial infrastructure, with around US$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 to businesses across the globe.”
The pilot is scheduled to go live in the second half of 2025.
Featured image credit: Worldpay
