BVNK and Bitso Business Team Up to Power Faster Payments Across Europe and Latin America

As part of the alliance, BVNK is trusting Bitso Business local payments infrastructure to enable its clients  to make payouts in Latin America. And Bitso Business is leveraging BVNK’s platform to allow companies  worldwide to make seamless international transfers, powered by stablecoins.  

For Bitso customers, this means: 

• They’ll be able to send and receive payments from clients, platforms, and partners globally, with no need for an international bank account 
• Faster international settlement powered by stablecoins 
• No manual stablecoin conversion 

Just seamless, instant access to working capital, settled in stablecoins, available to use, withdraw or  convert locally through Bitso Business’ infrastructure. 

“Our mission has always been to make financial services more efficient and accessible across Latin America,” said Nano Rodriguez, Head of Strategic Alliances at Bitso. “We’re proud to help  empower BVNK clients to access the Latin America market with efficient, safe and compliant local  payments solutions, and happy to embed BVNK’s stablecoin infrastructure to give our clients a  faster, simpler way to make international transfers.” 

The new capability is ideal for LATAM-based platforms, exporters, fintechs and service providers who rely  on international transactions from countries supported by international wires, as well as SEPA payments. It simplifies treasury, speeds up cash flow, and removes the need to deal with multiple banks,  counterparties or currencies. 

Under the hood, BVNK provides to Bitso: 

• Virtual accounts for incoming international transfers 
• Real-time conversion from fiat to stablecoins 
• Wallet infrastructure to credit balances instantly 
• Access to SEPA infrastructure for transfers in Europe 

Bitso Business handles the final leg, giving customers flexible access to local currencies, all from within  the Bitso Business platform. 

“Bitso Business is making it dramatically easier for businesses in Latin America to make  international transfers and access those funds nearly instantly,” said Jonathan Lavieri, Managing  Director – LATAM at BVNK. “We’re proud to provide the infrastructure that powers that experience,  and excited to benefit from their best-in-class local payments infrastructure to enable BVNK clients  to receive payments in Latin America.”