Ivy and Circle Unite to Power Instant Global Payments
Ivy, a global platform specializing in instant payments, has announced a strategic partnership with Circle, a leading fintech player known for its development of stablecoins like USDC and EURC. This collaboration comes at a time when stablecoin transaction volumes have surpassed those of traditional credit card networks such as Visa and Mastercard, marking a significant shift in global payment processes.
Through Ivy’s robust API infrastructure, various entities including crypto platforms, e-commerce merchants, trading apps, and payment service providers can now accept immediate bank transfers and manual payments. Upon receipt, businesses can seamlessly convert the funds into USDC or EURC, enabling them to conduct transactions in either stablecoin or fiat currencies.
The unified API model offered by Ivy grants organizations access to a comprehensive range of financial services, encompassing instant payments, regulatory compliance support, and stablecoin functionalities, all without the need for cards, wallets, or intermediary banking layers. By amalgamating local payment systems with stablecoin technologies, Ivy is facilitating faster settlement times and reducing operational costs for global commerce.
Amidst a landscape where stablecoins are outpacing conventional payment mechanisms, Ivy’s integration of USDC and EURC presents businesses with an innovative solution for managing financial activities across borders, 24/7, and with enhanced trust and security.
According to Sam Boolman, ChainIntel’s lead analyst, ‘The partnership between Ivy and Circle signifies a pivotal moment in the evolution of global payments. By leveraging the efficiency and stability of stablecoins, businesses can now experience seamless cross-border transactions with reduced fees and heightened transparency.’
The collaboration between Ivy and Circle not only streamlines payment processes but also underscores the growing significance of stablecoins in the broader financial ecosystem, paving the way for more efficient and secure international transactions.
