Equals Money x Railsr & BVNK launch fast USDC payments for firms

Equals Money x Railsr has partnered with stablecoin payments provider BVNK to enable businesses to accept stablecoin payments without direct exposure to cryptocurrencies.

This newly announced partnership enables Equals Money x Railsr customers to accept USDC, a widely used stablecoin, which is then automatically converted into US dollars via BVNK's payments infrastructure. This approach allows businesses to receive payments in as little as thirty seconds, eliminating delays and reducing the complexity often associated with handling digital assets.

According to the companies, the integration offers a streamlined process for businesses. Businesses can generate secure payment links for their clients through the Equals Money platform. Clients then scan a QR code using their crypto wallet and send USDC. The funds are routed via a BVNK wallet and converted into USD, arriving in the business's Equals Money balance without requiring direct handling of cryptocurrencies by the receiving business.

The aim of the collaboration is to support organisations engaging with crypto-native customers. This includes eCommerce firms, accountants, and other international businesses looking for more adaptable and rapid payment solutions.

Business needs

James Simcox, Chief Operations and Product Officer at Equals Money x Railsr, provided further insight into the motivation behind the partnership.

"Our mission is to make money movement simple, helping businesses get paid from anywhere, in any way their customers choose. An increasing number of businesses want to accept crypto payments without the complexity of handling crypto currency, and our partnership with BVNK makes that possible. The integration of stablecoin into our offering is another step in building best-in-class global payment capabilities and giving our customers the flexibility they need to grow."

Chris Harmse, Co-Founder and Chief Business Officer at BVNK, commented on the wider payment landscape that the integration reflects.

"Stablecoins are rapidly changing the global payments landscape. We're excited to partner with Equals Money to bring stablecoin acceptance to more businesses worldwide. Together, we're enabling faster settlement times, expanding payment options and unlocking access to a global base of customers using digital assets."

Su Carpenter, Executive Director at CryptoUK, also shared a perspective on the significance of the new functionality within the context of UK digital and crypto asset payments.

"We welcome the news that Equals Money x Railsr are introducing a USDC off-ramp for business customers. It reflects a clear commitment to flexible payment options and responsible innovation in B2B finance. As CryptoUK members, Equals Money x Railsr and BVNK are helping to advance payments technology in the UK, and we look forward to what comes next."

Settlement speeds

A key point of differentiation in the new offering is the settlement speed. Leveraging BVNK's payments infrastructure, funds can be settled into a business account in as little as thirty seconds. This speed is especially relevant for international payments and businesses that have customers in different regions, where traditional payment routes may face processing delays or fees.

Equals Money x Railsr states that converting digital assets directly into USD at the point of acceptance also addresses regulatory and compliance challenges. The system is designed so that the end recipient receives USD rather than a digital asset, which reduces the risk and complexity for organisations who may not wish to hold or account for cryptocurrencies.

Wider market context

The announcement comes at a time when more businesses are showing interest in digital asset-based payments while maintaining a preference for traditional currency in their balances. Stablecoins like USDC are pegged to fiat currencies such as the US dollar, which provides a degree of value stability compared to other forms of cryptocurrency.

This new partnership is the first of its kind for Equals Money x Railsr and forms part of its intention to expand its global payments capabilities. The company has stated that it expects to introduce further stablecoin-related functionalities in the near future.