Introduction
This article provides a comprehensive guide to using our Embedded Wallet which enables you to send, receive, and store money in multiple currencies.
Key features:
- Global transactions: Send and receive payments internationally with near-instant processing using stablecoins.
- Multi-currency support: Access accounts and manage funds in USD, GBP, EUR, and stablecoins.
- Security: Your wallets are provided using BVNK’s infrastructure built on SOC-certified, enterprise-grade payments technology. We uphold industry-leading compliance and security measures to protect your transactions.
- Compliant payments: BVNK has regulatory approvals to operate in the USA, UK, and EU.
How to use your Embedded Wallet
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Access your wallet:
- Your wallet and associated payment capabilities are integrated directly into your payment provider's app or platform, they should be able to guide you on how to initiate access. During this process you will be asked to sign BVNK Terms and Conditions.
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Adding funds:
- Load your wallet with your preferred currency depending on the currencies your payment partner has enabled for you including crypto, USD, GBP, or EUR.
- Utilise the built-in conversion tools to switch between currencies as needed.
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Managing payments:
- Sending payments: Send money to friends, family, or businesses.
- Receiving payments: Receive payments from employers, clients, or other businesses and individuals directly into your wallet.
- Storing funds: Hold your funds within your wallet for future use.
Frequently Asked Questions (FAQs)
Q: What is BVNK?
BVNK provides stablecoin payments infrastructure, unifying banks and blockchains in a single API platform, to accelerate global money movement. We enable businesses and individuals to send, receive, convert, and store stablecoins and fiat across a variety of domestic and international payment rails and blockchains.
Q: Who should I contact if I have queries about a payment?
Please contact your payment partner directly. They are best equipped to assist you with any questions or issues related to your payments.
Q: Are my funds protected?
You can read more about how we manage e-money safeguarding and digital asset custody of assets. We continuously monitor regulatory developments across our licensed jurisdictions and adapt our compliance framework to meet evolving standards, ensuring customer assets are handled with the highest level of regulatory oversight.
Q: What fees are applied to transactions?
We charge fees to our partners for providing these services. Our goal is to maintain fair and transparent margins, allowing them to offer you competitive rates. Please consult with the business through which you are accessing your embedded wallet for specific details regarding their fee structure.