PayDo and BVNK launch instant stablecoin-to-fiat conversions for global payments
PayDo has teamed up with BVNK to introduce stablecoin conversions for its customers. The new feature allows seamless switching between fiat and stablecoins in a single transaction. Businesses handling cross-border payments and high-volume transfers are set to benefit most from the update. The partnership lets PayDo users top up their accounts with stablecoins, which instantly convert to fiat. Outgoing transfers work the same way—fiat balances turn into stablecoins in one step. This removes extra steps for customers who prefer blockchain-based transactions.
PayDo does not hold crypto itself. Instead, all stablecoin transactions convert automatically to fiat, keeping funds in traditional currency. Merchants can now accept crypto payments on their websites and receive the money in fiat directly into their PayDo accounts.
Chris Harmse, Chief Business Officer and Co-Founder of BVNK, noted that stablecoins are becoming a go-to solution for faster money movement. Serhii Zakharov, CEO and Founder of PayDo, described the collaboration as a move toward a unified financial system. The company already processes over €5 billion annually for thousands of global businesses. The new stablecoin feature aims to speed up transactions and improve efficiency for PayDo’s customers. It particularly helps those dealing with time-sensitive or high-volume payments. With BVNK’s support, the service now offers greater flexibility in handling both fiat and digital currencies.
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