TechFlow news, January 20 — According to PRNewswire, the Global Stablecoin Payment Network (WSPN) announced a strategic partnership with licensed payment infrastructure provider HIFI. This collaboration will enable seamless conversion between stablecoins and fiat currencies for institutional clients engaged in cross-border payment settlements.
Raymond Yuan, Founder and CEO of WSPN, stated that cross-border payments represent one of the most compelling use cases for stablecoin infrastructure. However, institutional adoption requires trusted, licensed partners for fiat on- and off-ramps. This partnership addresses operational challenges in traditional cross-border payments, such as 3–7 day settlement cycles, transaction fees of 3–7%, and unpredictable delays.
