BVNK Integrates Stellar Network into Payment Platform

BVNK has integrated Stellar (XLM) into its payment platform, allowing businesses to make cross-border payments through more than 130 markets. The integration is seen as a significant development for the Stellar network and XLM price.

The partnership follows Mastercard's acquisition of BVNK in August, which valued the company at up to $1.8 billion. BVNK's existing API now supports Stellar payments, payouts, remittances, and treasury transfers without requiring businesses to build a separate blockchain connection or change their current payment systems.

Kimberley Mescal Julien, head of partnerships at BVNK, stated that businesses should not have to operate separate connections for several blockchain networks. This integration adds another low-cost channel for customers to send money across borders through BVNK's existing platform.