MiFinity taps BVNK for global stablecoin payouts

MiFinity has partnered with BVNK to launch a new stablecoin payout service for merchants. This move allows businesses to send payments globally using digital assets like USDT and USDC. For retailers, this represents a significant shift in how cross-border transactions are handled. Traditional banking rails often involve high fees and several days of waiting. By using stablecoins, you can settle payments with international vendors or partners almost instantly, regardless of their local banking hours. The service bridges the gap between traditional finance and blockchain technology. Merchants do not necessarily need to hold crypto themselves; the system handles the conversion. This is particularly useful for businesses operating in multiple regions that want to avoid the high costs of currency conversion and intermediary bank fees. It adds a layer of flexibility to your back-end financial operations, making your cash flow more predictable and global scaling less expensive. As consumer financing often relies on swift movement of capital between lenders and merchants, faster payout technology like this could eventually influence how quickly you receive funds from financing partners.

Source: Finextra — Lending

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