Wizz Financial Launches Stablecoin Payments to 80 Countries

Wizz Financial has completed its first stablecoin powered cross border transaction from the United States, enabling payments across 80 countries through a partnership with BitGo.

Key Takeaways

• Wizz Financial completed its first stablecoin powered cross border remittance and treasury transaction from the United States.
• The transaction enables payments from the US to 80 countries through a partnership with BitGo Bank & Trust.
• Stablecoin settlement allows near real time payments, improved liquidity management, and more efficient cross border remittance flows.
• The milestone marks the launch of Wizz Financial’s blockchain strategy through its Wizz Cross Border USA platform.

What Happened?

Wizz Financial, a fintech company focused on cross-border payments and digital wallets, announced that it successfully completed its first stablecoin powered remittance and treasury transaction originating from the United States.

The transaction was carried out in collaboration with BitGo Bank & Trust, an OCC regulated digital asset trust bank. The system allows payments to be processed across 80 countries, using blockchain infrastructure to speed up global money transfers.

Wizz Financial Introduces Stablecoin Based Payment Infrastructure

The milestone represents the launch of Wizz Financial’s proprietary stablecoin and blockchain strategy through its Wizz Cross-Border USA platform. The platform is designed to support both business to business and business to consumer cross-border payments.

Through the partnership, Wizz Financial is using BitGo’s institutional grade wallet infrastructure and eTrade services to convert traditional fiat currencies into stablecoins. This allows transactions to move across blockchain networks with faster settlement times.

According to the company, integrating blockchain rails into its current financial services ecosystem aims to improve several areas of global payments, including:

• Settlement speed
• Pricing efficiency
• Transaction transparency
• Liquidity management

The system combines blockchain technology with existing financial infrastructure that already supports remittances, payment cards, and digital payment services.

Near Real Time Settlement for Global Payments

Traditional cross-border payments often require several intermediaries and can take multiple days to settle. Wizz Financial believes stablecoin infrastructure can significantly improve this process.

Ben Yaniv Chechik, Chief Technology Officer and Chief Product Officer of Wizz Financial said:

The company said the United States platform is now live, allowing outbound payments to international markets. It also provides ACH style account capabilities for non-US customers, expanding access to US payment infrastructure.

BitGo Provides Regulated Digital Asset Infrastructure

The partnership with BitGo Bank & Trust, a regulated digital asset trust bank and subsidiary of BitGo Holdings, provides the secure infrastructure required to support stablecoin based settlement.

Nick Coombs, Managing Director at BitGo said:

The collaboration demonstrates how regulated digital asset infrastructure can be integrated into traditional financial systems.

Expansion Plans for Stablecoin Payment Corridors

Following the successful transaction, Wizz Financial plans to work with regulators, banks, payment networks, and global partners to expand stablecoin powered services to additional markets.

The company is also exploring additional blockchain partnerships and custody solutions to strengthen operational efficiency and security across its ecosystem.

Industry experts say rising market volatility and the need for faster international settlements are pushing banks and fintech companies to rethink their cross-border payment strategies, with stablecoins increasingly emerging as a viable solution.

CoinLaw’s Takeaway

In my experience covering fintech and crypto payments, cross-border transfers have always been one of the biggest pain points in global finance. Fees are high, settlement is slow, and transparency is often poor. I found this development interesting because Wizz Financial is trying to combine regulated banking infrastructure with blockchain settlement rather than replacing traditional systems entirely.

If companies like Wizz Financial can successfully scale stablecoin payments across dozens of countries while staying compliant with regulators, it could reshape how global remittances work. For businesses and individuals sending money internationally, faster settlement and lower costs could be a major shift.

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