Announcements
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Oct 11, 2024
Lumx partners with BlindPay to deliver world-class wallet infrastructure with global payment rails
Lumx partners with BlindPay to power a next-gen wallet infrastructure with programmable smart wallets and frictionless global payment connectivity. Lumx’s new Extension enables seamless access to fiat liquidity worldwide.
For globally operating companies, reducing costs and optimizing cash flow has always been challenging. This new payment ecosystem, developed alongside the BlindPay team, addresses these needs by enabling digital wallet integration and on-ramp/off-ramp operations within a single platform. This technology empowers companies to manage transactions, from remittances and payroll to supplier payments in multiple currencies, using stablecoins to enhance efficiency and cost savings.
What this integration means for the stablecoin market
Our battle-tested APIs, combined with BlindPay’s expertise in stablecoin transactions, creates an expanded payment network that reaches key markets in Latin America, with more regions coming soon. This advancement allows companies that once relied on multiple intermediaries to now gain direct access to liquidity in both fiat currencies and stablecoins, with built-in compliance.
This integration directly responds to the increasing demand for faster and more cost-effective payment solutions. By automating compliance and regulatory processes, our platform significantly reduces operational costs for companies, simplifying their expansion into new markets.
“Providing direct access to stablecoins and local currencies on a single platform is a remarkable achievement. Our partnership with BlindPay combines Lumx’s expertise in infrastructure with BlindPay’s stablecoin technology, allowing companies to make international payments with ease and efficiency.” — Caio Barbosa, Co-CEO of Lumx.
“We believe the next generation of payment-oriented companies will benefit from an infrastructure that is more transparent, faster, and cost-effective through the use of blockchain and stablecoins. By merging Lumx’s expertise in digital wallet infrastructure with BlindPay’s innovative technology for international transactions, we’re delivering a complete and integrated solution for companies seeking to optimize their payment flows.” — Bernardo Simonassi, CEO of BlindPay.
Benefits of the integration
This partnership offers essential competitive advantages for companies needing speed and security in their international operations. Key benefits include:
Cost Reduction: Up to a 70% decrease in operational costs related to compliance.
Global Scalability: An ideal solution for companies seeking rapid growth with real-time transactions.
Faster time-to-market: battle-tested APIs for wallet creation and transaction broadcasting, saving thousands of development hours.
The future of global payments
The collaboration between Lumx and BlindPay goes beyond a technical solution; it is a bridge to the future of international payments. With a digital wallet system and stablecoin integration, companies can operate confidently, knowing each step—from currency conversion to data security—is fully integrated.
Through this partnership, we reinforce our commitment to shaping the future of payments, using blockchain and stablecoins to build a global infrastructure that is accessible, transparent, and efficient.
About Lumx
Lumx is a leading provider of digital asset infrastructure, offering APIs for smart wallets, tokenization, and transaction orchestration. Lumx enables companies to accelerate time-to-market from months to days, allowing them to focus on their core businesses while Lumx manages security, scalability, and compliance. With over 1 million active wallets, Lumx is trusted by major corporations such as Banco BV, BTG Pactual, Sympla, and Google.
About Blindpay
BlindPay is a platform that uses stablecoins to simplify international payments, reducing transaction times by up to 80% and connecting major global markets instantly and securely. With operations in key countries across Latin America and the United States, BlindPay enables companies to access a global payment network with compliance and transparency.
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