Mastercard and BVNK have officially launched a global money platform, enabling businesses to manage fiat and stablecoins together and convert between them in real time through a single API.
Integrated with the Mastercard Move global money movement network, the platform lets businesses use stablecoin balances to settle payments directly to local bank accounts in more than 200 countries and territories.
Businesses can also use the system to issue payment cards linked to stablecoins and make purchases across Mastercard’s global merchant network.
By packaging stablecoin settlement as ready-to-use, modular tools, traditional payments giants are significantly lowering the barriers for fintech companies to integrate on-chain assets.
Integrated with the Mastercard Move global money movement network, the platform lets businesses use stablecoin balances to settle payments directly to local bank accounts in more than 200 countries and territories.
Businesses can also use the system to issue payment cards linked to stablecoins and make purchases across Mastercard’s global merchant network.
By packaging stablecoin settlement as ready-to-use, modular tools, traditional payments giants are significantly lowering the barriers for fintech companies to integrate on-chain assets.