By adding stablecoins to its payment stack, PayDo Canada is offering its business clients greater flexibility, speed and choice when it comes to moving money.
Strategic partnership with BVNK, the global provider of stablecoin payment infrastructure, will enable PayDo Canada’s clients to access fiat-to-stablecoin conversion for pay-ins, payouts and checkout, without requiring them to directly handle crypto.
The collaboration includes the following features:
- Stablecoin account top-ups: users can top up their balance with stablecoins, which are automatically converted to fiat in a single transaction.
- Stablecoin payouts: users can send outgoing transfers by automatically converting their fiat balance into stablecoins in a single transaction.
- Stablecoin checkout capabilities: merchants can accept crypto payments through their website and settle the funds into their account in fiat.
“These developments mark another step towards creating a unified, all-in-one financial ecosystem that combines a wide array of services in one financial dashboard,” said Serhii Zakharov, PayDo CEO and Founder. “BVNK’s infrastructure was crucial in reaching this balance between stablecoin flexibility and fiat stability, and PayDo is looking forward to many more productive updates alongside our partners in the upcoming months.”
Chris Harmse, Chief Business Officer and Co-Founder of BVNK, added: “We’re partnering with PayDo Canada to add stablecoins to their payment stack, unlocking opportunities for their business clients to move, hold and settle funds more easily. It’s another example of how stablecoins are being adopted across financial services as a practical, everyday tool for more efficient money movement.”
PayDo Canada does not custody crypto; all stablecoin transactions are automatically converted to fiat. However, the addition of stablecoins offers clients greater speed, efficiency, and interoperability, particularly for those who value fast, more efficient blockchain-based transactions. Users benefit from fiat settlement within a regulated framework, reducing the need to directly manage crypto-related compliance processes.
The addition of stablecoins will be especially beneficial to clients that operate in cross-border, high-volume and time-sensitive environments where traditional systems are slow and inefficient.
About BVNK: BVNK is the stablecoin-powered financial stack for enterprises. Build financial products, unlock new markets, and move money in seconds across 130+ countries. Trusted by industry leaders like Visa, Worldpay, Deel and Flywire and processing billions annually.
*Crypto-asset services described above are offered by PayDo Canada Ltd. (M22419089), an MSB appropriately registered with FINTRAC. Availability of services may vary or services might be unavailable depending on the location of the customer.
