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.