BVNK Collaborates with LianLian for Global Stablecoin Payment Integration
BVNK, a London-based firm, partners with Chinese payments company LianLian to enable stablecoin use among over 100 merchants globally. The integration converts merchant stablecoin deposits to USD, facilitating transactions through LianLian's network.
- Stablecoins are projected to grow significantly, with market estimates between $1.6 trillion and $3.7 trillion by 2030.
- BVNK raised $50 million in funding last year and processes over $12 billion in stablecoin transactions annually.
- BVNK collaborates with major payment firms like Worldpay and Visa.
- LianLian handles 130 currencies and previously utilized Ripple's technology for cross-border payments.
BVNK CEO Jesse Hemson-Struthers emphasized that the partnership enhances access to rapid payment solutions for global businesses.