Stablecoin payments to expand upon Routable’s international payment options, providing ultimate flexibility
Routable, the leading accounts payable automation platform, announced a new partnership with Brale, the stablecoin creation platform. This partnership will create a solution that gives businesses the flexibility to pay vendors and contractors in stablecoin through the Routable platform.
“Customers expect payments to be fast, low-cost, trackable, and reliable. When it comes to international payments, the complexity grows multifold. This collaboration will upend the traditional model to make money move instantly and seamlessly across the globe,” said Abhijeet Ranadive, Chief Product Officer at Routable.
Financial Technology Insights: Boku Strengthens LATAM Push with Pix in Brazil
“Customers expect payments to be fast, low-cost, trackable, and reliable. This collaboration will upend the traditional model to make money move instantly and seamlessly across the globe,” said Abhijeet Ranadive, Chief Product Officer at Routable.
“At Routable, we believe in providing our customers and their payees the best possible experience, which requires flexibility at every step of the way,” Ranadive continued. “Through our API-first platform, we’ve prioritized providing the largest variety of payment methods and speeds, and thanks to our partnership with Brale, we’re proud to announce that will soon include stablecoin.”
With volatile markets and uncertain macroeconomics, international contractors and vendors are prioritizing payment methods that allow them to choose the right moment to convert their earnings to local currency. By adding the option to issue payments via stablecoin, Routable customers will be able to provide even more options for their payees.
Financial Technology Insights: eToro Launches 24/5 Trading, Futures & Tokenized Stocks
Companies who want to offer stablecoin to payees can opt in on the Routable platform, and their payees will have the option to receive a bank transfer in their local currency, or receive USD via stablecoin. The stablecoin essentially becomes a mobile wallet that the payee has full control over.
Financial Technology Insights: Heffernan Insurance Brokers Expands into Utah
“With global attention on stablecoin, many businesses are excited by the potential it holds. Access to many blockchains gives businesses the ability to meet their vendors in whatever ecosystem they are in,” commented Ben Milne, Founder and CEO at Brale. “We are thrilled to partner with Routable to orchestrate stablecoin payments across the globe.”
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source : PRweb