Corpay taps BVNK to bring stablecoin wallets to corporate payments
Summary
Corpay has partnered with BVNK to offer corporate clients the ability to send, receive, store, and convert stablecoins via integrated wallets. By incorporating stablecoin rails, Corpay aims to improve capital efficiency, minimize the need for pre-funded accounts, and facilitate cross-border transactions outside traditional banking hours. These features complement Corpay's existing payment infrastructure, including SWIFT and its proprietary iACH network. The move reflects a broader trend among payment firms, such as Stripe and Worldpay, to leverage stablecoin infrastructure for operational liquidity and treasury management.
(Source:CoinDesk)