dLocal and BVNK collaborate to enable stablecoin-based global payouts
The collaboration will facilitate money movement across over 40 markets.
Under the agreement, BVNK will supply dLocal with stablecoin payment rails to support quicker settlements for dLocal's global merchant base.
In return, dLocal will provide BVNK access to its Layer1 platform's fiat payout rails, expanding BVNK's presence in emerging markets across Africa, Asia, and Latin America.
This will enable customers to use stablecoins for cross-border payments, with funds delivered to recipients in local currencies, according to dLocal.
dLocal CRO John O'Brien said: 'dLocal is constantly exploring ways to expand access and improve settlement times for our clients.
'By integrating BVNK's stablecoin capabilities, we can offer even faster, borderless payments - without compromising compliance or control.'
The partnership builds on a relationship established in 2016, when dLocal began using stablecoin-based payments as one of the first global payment service providers.
The collaboration connects blockchain-based value transfer with regulated fiat settlement systems across more than 40 markets.
BVNK co-founder Chris Harmse said: 'With Layer1, we're building a programmable payments network that connects stablecoins with trusted local payout rails.
'By integrating leading providers like dLocal, we're unlocking seamless, compliant value transfer into some of the most complex markets in the world.'
dLocal specialises in local payments in emerging markets, connecting global merchants with consumers in regions including APAC, the Middle East, Latin America, and Africa. BVNK provides stablecoin infrastructure for global financial services, holding licences in key jurisdictions and partnering with Tier 1 banks to process transactions for clients such as Worldpay, Deel, and dLocal.
"dLocal and BVNK collaborate to enable stablecoin-based global payouts" was originally created and published by Electronic Payments International, a GlobalData owned brand.
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