TL;DR
- Innovative Payment Solution: Layer1 by BVNK is a self-custody digital asset payment infrastructure designed to simplify stablecoin transactions for businesses, enabling easy integration and management of digital payments without the need for deep blockchain knowledge.
- Automated Features & Self-Custody: The platform offers automated wallet creation, asset management, reconciliation, and third-party integrations, along with a self-custody feature that provides businesses complete control over their digital assets and private keys.
- BVNK’s Commitment to Stablecoins: Leveraging its global payment infrastructure expertise, BVNK has integrated PayPal USD (PYUSD) stablecoin into its ecosystem.
BVNK, a global payment infrastructure leader, has unveiled its latest innovation: Layer1. This self-custody digital asset solution aims to simplify stablecoin payments for businesses, allowing them to seamlessly integrate stablecoins into their payment systems.
Donald Jackson, the co-founder and CTO of BVNK, recently introduced Layer1, a groundbreaking self-hosted, self-custody digital asset payments infrastructure for businesses.
Jackson emphasized that Layer1 allows businesses to launch digital asset payments without requiring extensive blockchain expertise or an entire engineering team for software development.
Streamlining Blockchain-Based Payments
Layer1 addresses the challenges faced by businesses when building blockchain-based payment solutions. It comes equipped with a suite of automated features, including:
- Wallet Creation: Layer1 streamlines the process of creating digital wallets, eliminating the need for complex in-house blockchain development.
- Asset Management: Businesses can efficiently manage their digital assets within the Layer1 ecosystem.
- Reconciliation: The platform simplifies reconciliation processes, reducing manual effort.
- Third-Party Integrations: Layer1 seamlessly integrates with third-party services, enhancing overall efficiency.
Self-Custody: Complete Control Over Assets
Layer1 offers a unique self-custody feature, giving businesses full control over their digital assets and private keys. This high level of ownership guarantees data security and removes worries about centralized control in blockchain platforms.
BVNK’s Expertise and Vision
Donald Jackson, BVNK’s co-founder and CTO, emphasizes the team’s extensive experience in building global payments infrastructure. Layer1 benefits from this expertise, empowering businesses to launch digital asset payments without requiring in-depth blockchain knowledge.
BVNK remains committed to fostering stablecoin adoption. Recently, the company integrated the PayPal USD (PYUSD) stablecoin into its ecosystem. This move broadens access to digital currencies and allows BVNK to directly mint and burn PYUSD tokens for clients.
Layer1 represents BVNK’s dedication to simplifying digital asset payments. As the industry evolves, BVNK will continue to empower businesses, ensuring secure and efficient participation in the digital asset revolution.
