MiFinity launches PayAnyCoin stablecoin payout service built on BVNK infrastructure #

Dublin-based payments provider MiFinity has launched a stablecoin payout service called PayAnyCoin, built on infrastructure from London-based BVNK. The companies announced the service on July 30.

PayAnyCoin lets merchants send cross-border payouts using stablecoins alongside conventional banking channels. BVNK’s stablecoin infrastructure runs on MiFinity’s existing merchant payments platform, so businesses can activate stablecoin payouts without changing their current workflows or API connections.

The service supports multiple stablecoins and distributed ledger protocols, settles near-instantly around the clock via blockchain networks, and includes compliance and governance controls. Merchants already connected to MiFinity’s platform require no additional technical onboarding.

PayAnyCoin joins MiFinity’s existing PayAny product line, which already includes PayAnyBank for bank transfers and PayAnyCard for card-based disbursements. The company said merchants can now choose among all three settlement options depending on the market or transaction type.

MiFinity CEO Paul Kavanagh said the service addresses merchant demand for faster and more flexible international money movement while maintaining compliance and operational simplicity. BVNK’s chief business officer said stablecoins are changing how businesses transfer funds globally, delivering settlement speed and cost efficiency that traditional payment rails cannot consistently provide.

BVNK earlier this year agreed to be acquired by Mastercard in a deal valued at up to $1.8 billion. That pending transaction is expected to integrate BVNK’s stablecoin infrastructure more deeply into Mastercard’s global payments network.

MiFinity said the service is aimed at sectors where rapid cross-border disbursements are a priority, including online gaming, e-commerce, and financial services. The service is available globally through MiFinity’s existing API framework.

Source: BVNK