Deriv and BVNK: Enabling Solana Payments for Millions

Bernhard Niebsch, Director of Product for Payments at BVNK
Thanks to an Expanded Partnership Between Deriv and BVNK, the Former has Unlocked Solana Payments for Around 2.5 Million Customers Around the World

With an estimated four million cryptocurrency owners around the world, demand for digital currency payments is growing.

And now, thanks to an expanded partnership between Deriv and BVNK, the former has unlocked Solana payments for around 2.5 million customers, giving them the option to make deposits using digital assets.

In the last 12 months alone, the market cap of cryptocurrency Solana has grown 700% to more than US$40 billion.

The collaboration with BVNK marks a significant step forward in Deriv's payment strategy, enabling the firm to quickly meet demand for digital currencies from their diverse global customer base.

Its decision to explore digital currencies was driven by requests from their customers and the opportunity to expand into new markets, according to Tiago Garbim, Senior Payment Solutions Operations Executive at Deriv.

“We've noticed a growing interest in cryptocurrencies like Solana and Polygon among our clients,” comments Garbim. “By partnering with BVNK we can effectively respond to their needs.

“We started with Solana due to high client demand and we plan to expand our crypto payment options in future. BVNK's excellent support has made this a very smooth transition.”

Youtube Placeholder

‘Fast, frictionless global money movement’

Launched in 1999, Deriv’s mission has been to make online trading accessible to everyone. 

The online brokerage offers products including intuitive trading platforms, more than 200 tradable assets, unique trade types and more. 

With more than 1,350 employees in 22 global offices spread across 16 countries, Deriv is striving to provide the best-possible work environment, with a focus on adopting a positive culture and implementing measures designed to boost employee morale. 

BVNK, meanwhile, is a globally-regulated payments platform bridging traditional and decentralised finance to make payments borderless, fast and secure. 

Deriv and BVNK’s partnership extends beyond digital currency payments, with Deriv also using BVNK’s platform to settle funds from South East Asia, leading to significant time savings.

"Deriv shares our vision for fast, frictionless global money movement,” adds Bernhard Niebsch, Director of Product for Payments at BVNK, “This collaboration is more than just integrating new technologies; it's about creating an easy and efficient payments experience for Deriv users around the globe. 

“Cryptocurrency payments are increasingly important to brokers and we’re thrilled to partner with Deriv to support their global growth.”

******

Check out the latest edition of FinTech Magazine and sign up to our global conference series – FinTech LIVE 2024

******

FinTech Magazine is a BizClik brand.

Share

Featured Articles

COMING SOON – Top 100 Companies in FinTech 2024

Returning July 2024, FinTech will be debuting its Top 100 Companies in FinTech for 2024

Sainsbury’s to Sell Banking Division to NatWest

UK supermarket giant Sainsbury’s is set to sell its banking division to leading bank NatWest, with the deal set to be completed in early 2025

SUBMISSIONS CLOSED – The Global FinTech Awards 2024

Submissions have now closed for The Global FinTech Awards 2024 to take place on Day 1 of FinTech LIVE London – 22 October

WE’RE LIVE: FinTech New York 2024

Banking

Kin + Carta: Financial Services AI Still in “Early Stages”

Tech & AI

FinTech LIVE New York – Meet Our 2024 Speakers

Digital Payments