Brex Revolutionizes Global Business Payments with Stablecoin Integration
Brex, a leading corporate card provider, is set to revolutionize global business payments. It has announced the upcoming launch of native stablecoin payments, becoming the first global corporate card to enable instant balance payments with stablecoins. This move promises to combine the speed of cryptocurrency with the safeguards businesses need on a global scale.
Brex's stablecoin payments will initially be available with USDC, with more stablecoins to follow in the coming months. This new feature will allow businesses to move millions instantly across borders, as seen by Figure's CEO, Michael Tannenbaum. Brex is also introducing a consolidated financial platform to manage both traditional and stablecoin-backed spend at scale. This platform will give companies faster access to liquidity and greater flexibility, speed, and security.
Brex business account customers will be able to accept stablecoins with automatic conversion into USD and send stablecoins directly from their USD balances. Additionally, customers will be able to pay their card balances with stablecoins. This innovative approach is already attracting leading crypto and blockchain companies like Figure, Solana, and Alchemy, who have joined the waitlist and run their finances on Brex. Solana's Head of Stablecoins, Tamar Menteshashvili, is particularly excited about Brex's stablecoin payments integration with Solana's infrastructure.
Brex's stablecoin payments will offer instant payments with zero fees, 24/7 global reliability, and a one-stop platform for sending and receiving stablecoin payments. Backed by Solana's best-in-class infrastructure, Brex is poised to transform the way businesses manage their finances and make cross-border payments.
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