Wizz Financial, BitGo Launch Stablecoin-Based Cross-Border Payment Service

Cross-border payments fintech Wizz Financial has partnered with digital asset custodian BitGo to convert fiat currencies into stablecoins. The initiative aims to address the delays, costs and fragmented liquidity associated with traditional international money transfers while advancing a blockchain-based payments strategy within a regulatory framework.

The partnership will use BitGo’s wallet infrastructure and eTrade service, enabling Wizz Financial to offer near-instant cross-border transfers in more than 80 countries and strengthen liquidity management across its global network. The available information does not specify an announcement date, transaction value or formal launch date.