Latest news with #AdoraWang
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
04-06-2025
- Business
- Finextra
LianLian Global adopts stablecoin payments with BVNK
Chinese cross-border payments platform LianLian Global is to introduce stablecoin payments for its merchant base in collaboration with BVNK. 0 The integration will enable LianLian Global's international merchants across 100+ countries to fund cross-border transactions in minutes rather than days using major stablecoins. Through the partnership, BVNK automatically converts merchant stablecoin deposits to USD, which LianLian Global routes through its global network. The deal follows recent partnerships struck by BVNK with Worldpay and investment from Visa. The company currently processes $14.5 billion in annualised stablecoin volume for providers including Worldpay and Deel. Adora Wang, chief executive officer, Lianlian Europe, says: '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. 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.'
