The post Circle Payments Network Unveiled: Here is What You Need to Know appeared first on Coinpedia Fintech News

The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC.

Circle Internet Financial, a leading stablecoins issuer, has announced the launch of Circle Payments Network (CPN). The blockchain-based platform will connect global banks, VASP, and technology companies to streamline cross-border payments.

The CPN is designed to outpace legacy systems like SWIFT in facilitating seamless and efficient payment flows. At launch, the CPN already has several partners in global financial markets including BCB Group, BVNK, CoinMENA, Coins.ph, Conduit, dLocal, dtcpay, Flutterwave, RedotPay, TazaPay, Transfero Group, Triple-A, Trubit, Unlimit, Yellow Card, Zepz, and Zodia Markets.

The CPN will also leverage Circle’s broadly held stablecoins, including USDC and EURC, to settle payments in multiple currencies.

“Since our founding, Circle’s vision has been to make moving money as simple and efficient as sending an email. CPN is a significant step in making that vision a reality for businesses worldwide,” said Jeremy Allaire, CEO of Circle.

The post Circle Payments Network Unveiled: Here is What You Need to Know appeared first on Coinpedia Fintech News.

The post Circle Payments Network Unveiled: Here is What You Need to Know appeared first on Coinpedia Fintech News.