Building a network on stable foundations Stablecoins are poised to become a core tool for transforming international payments for everyone from private individuals to corporate treasury operations. BCB’s partnership in the newly announced Circle Payment Network (CPN) puts the group at the heart of one of the most ambitious projects in the field.
T he digital assets market can seem like a fragmented community of businesses – issuers, exchanges, payment service providers and many more entities that have carved out a place in the sprawling ecosystem. This profusion of businesses and innovation is in many ways one of the strengths of the sector, but a key feature to the next phase of the market's evolution will be ‘putting the jigsaw pieces together’. That is how Oliver Tonkin, Co-founder and Chief Executive of BCB Group, regards its latest partnership with stablecoin issuer Circle to build a global payments network. “It is a global network to enable fast, cheap cross border payments from country A to country B, using the benefits of Circle’s stablecoin products, USDC and EURC. Circle itself doesn't necessarily want to be that network, but it wants others to use its product to facilitate such a network,” Tonkin said. The comments echo those of Jeremy Allaire, Co-founder, Chairman and CEO of Circle: “Since our founding, Circle's vision has been to make moving money as simple and efficient as sending an email.” The selection of BCB to be a partner in the network project is a ringing endorsement of the group’s position as one of the leading operations in the fast-developing payments ecosystem. →
It is a global network to enable fast, cheap cross order payments from country A to country B, using the benefits of Circle’s stablecoin products, USDC and EURC. Oliver Tonkin
Kym Routledge Head of Compliance BCB Group
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