Bastion Integrates with Borderless.xyz to Combine Regulated Wallet Infrastructure with Global Banking Rails

Campbell, California, October 31st, 2024, Chainwire


Combining regulated wallet infrastructure with stablecoin orchestration, Bastion now enables fiat on-ramps and off-ramps across 50+ countries through its unified stablecoin APIs.

Today, Bastion is thrilled to announce its integration into the Borderless.xyz Global Transfer Protocol to deliver global banking access to on-ramp, off-ramp, and payments innovators. Enterprises will now be able to access Borderless.xyz’s network of stablecoin and fiat currency liquidity in over 50 countries through Bastion’s regulated wallets and scalable APIs facilitating global payouts, collections, and cross-border payments.

Traditional remittance methods operate in closed systems that involve multiple intermediaries which drives up costs for consumers and businesses. Borderless.xyz seeks to address this issue with a blockchain-based network called Global Transfer Protocol (GTP) which serves as a liquidity framework between stablecoins and local fiat currencies around the world. Currently working with six participating Financial Institutions (PFIs), GTP enables global stablecoin to local fiat currencies conversion, providing real-time and low-cost settlement that allows for global money movement.

“Strong liquidity between stablecoins and local fiat banking rails is critical to building stablecoin based payment solutions as well as on-ramps and off-ramps, ” said Nassim Eddequiouaq co-founder of Bastion and former CISO of a16z crypto. “We evaluated the leading industry solutions and determined Borderless.xyz’s Global Transfer Protocol was the best infrastructure to incorporate in order to support the market shift to onchain payments.”

Bastion believes the future of cryptocurrencies and stablecoins lies in regulation, prioritizing compliance to meet not only current US standards but also regulatory shifts. This regulatory coverage is especially crucial when working in the payments space.

“Regulated wallets are a cornerstone for institutional adoption of stablecoins in payments,” said Kevin Lehtiniitty, CEO of Borderless.xyz. “We’ve been extremely impressed with the team at Bastion and are excited to work alongside their best in class products to deliver the next generation of infrastructure to PSPs, payroll providers, and on-ramps and off-ramps”.

Bastion’s regulated wallet APIs are built on a foundation of:

  • Robust Compliance
  • Enhanced Security
  • Cost-Efficiency
  • One Unified Platform

Bastion’s regulated wallet infrastructure combined with Borderless.xyz’s protocol creates a robust end-to-end platform together in one API for innovators to build their applications. This enables on-ramps, off-ramps, and payments companies to get to market 5 times faster with a 70% reduction in compliance costs.

Stablecoins represent the future of the payments industry. Through the Bastion platform, Bastion and Borderless.xyz are powering the next generation global value transfer.

To learn more about Bastion, users can visit their website: https://bastion.com/ and follow them on X (Twitter).

About Bastion

Bastion is the regulated wallet API that helps businesses launch compliant payments and trading Bastion is the regulated digital asset infrastructure platform that helps businesses launch compliant payments, trading, and stablecoin products in days—not years—while saving an average of $2M annually. Founded by two former a16z executives, Bastion is a US-regulated financial institution that provides comprehensive wallet and stablecoin APIs while handling compliance, allowing customers to focus on growing their business. Through its unified API platform, Bastion enables secure digital asset custody, wallet management, and stablecoin orchestration services. The company operates as a registered MSB with state Money Transmitter Licenses for crypto activity, ensuring fully compliant wallet and stablecoin services for customers and their users. Learn more at https://bastion.com.

About Borderless.xyz

Borderless.xyz is a leading global payments infrastructure company designed to facilitate transactions using internet native money including stablecoins and real-world assets (RWAs). Covering more than 50 countries and 23 currencies, Borderless.xyz’s mission is to empower builders to create efficient money movement, deliver stable currencies to emerging markets, and drive the transition to onchain banking. To learn more about Borderless.xyz, visit https://borderless.xyz/.


Contact
CEO
Nassim Eddequiouaq
Bastion
press@bastion.com

Comments

Post a Comment

Popular posts from this blog

3 Top Trending Tokens of 2024: Solana, Retik Finance, Shiba Inu

Image
As we enter 2024, the crypto world eagerly speculates which blockchain projects could dominate the upcoming year. Analyzing recent traction, developments, and market dynamics, we can spotlight the top trending tokens poised for greatness when midnight strikes.Three digital assets are prime contenders to lead the 2024 charge - Solana, Retik Finance, and Shiba Inu. Each brings unique attributes to capture investor attention and potentially mainstream adoption. Solana - The Speed Demon Known as one of the fastest and most scalable blockchain networks, Solana has already witnessed tremendous growth since launching in 2020. Yet 2023 seemingly marked a turning point, with several bullish events driving momentum.Most recently, Solana hosted its long-awaited IGNITION conference, drawing over 1,400 attendees and coinciding with a 70% price pump for its SOL token. The team also committed over $100 million to initiatives like Web3 mobile phones and an updated Solana wallet.With blazing tran
Read more

Missed Solana Rise, These Altcoins Might Rise Higher

Image
If there was one coin that exceeded even the most positive expectations it would be Solana (SOL). The December performance of the coin showed that anything is possible for the crypto market and it might not be the only cryptocurrency that stands to gain from the growing interest in altcoins. The coin experienced 59.5% to 69.7% surges in the span of weeks and days, which must have been very encouraging for those who believed in it and had already accumulated significant amounts.  Missing out on such a rapid ascent hurt many crypto enthusiasts, but nothing is lost for those who failed to buy into Slana (SOL) in time. We did our best to compile a list of those altcoins that could be ready to experience significant gains over the next several weeks, or months, and we believe that these coins have the potential to surpass the rates of Solana (SOL). Top Altcoins That Might Rise Higher ScapesMania : Promising newcomer in presale, offering early investment benefits. Aptos (
Read more

3 Tokens That Could Give 25x Returns in 2024

Image
The crypto market is known for its extreme volatility and ability to produce incredible returns within short periods. As we enter 2024, many wonder which cryptocurrencies have the potential to rally hard and deliver outsized gains to investors. Three tokens—Shiba Inu (SHIB), Retik Finance (RETIK), and Dogecoin (DOGE)—stand out due to their solid foundations and unique value propositions. Shiba Inu (SHIB) - The Top Meme Coin Contender Shiba Inu entered the crypto scene in 2020 as a self-proclaimed "Dogecoin killer." Shiba Inu's (SHIB) cute Shiba Inu theme quickly captivated investors and grew an extremely passionate community. In 2021, Shiba Inu (SHIB) delivered mind-blowing 43 million percent gains as speculation went parabolic.Although Shiba Inu has retreated significantly from its all-time high of $0.000088, it remains a top contender to rally hard in the next bull market. As one of the most prominent meme coins with a robust ecosystem, there is substantial confid
Read more