PayDo Expands its Crypto Functionality – Account Balances Stay in Fiat
PayDo, an all-in-one EMI for B2B and B2C, has entered a strategic partnership with BVNK, adding new cryptocurrency capabilities to its mostly-fiat platform. Clients can now use cryptocurrency to fund accounts, send payments, or accept transactions, but PayDo itself does not have to abandon their fiat rails. The secret lies in conversion.
Conversion – The Power Behind New Features
The partnership introduces several tools that connect crypto transactions with fiat accounts.
- Crypto top-ups
Users can add money into their PayDo accounts from crypto wallets – the conversion happens instantly, ensuring that funds settle as fiat. - Crypto payouts
Users can send funds in cryptocurrency by drawing from their fiat balance. The conversion also takes place at the moment of transfer and the sum settles as crypto on the receiving side. - Crypto checkout for merchants
Businesses can accept payments in digital currencies through their checkout – the settlement in merchant account is in fiat.
The Significance of This Crypto-Fiat Balance
Despite the gradual normalization and wide adoption of stablecoins, adding crypto to a fintech is not the same as just introducing another fiat currency. The risk levels are drastically different, so cypto brings stricter rules. The fintech will have to license as a virtual asset provider, participate in transaction monitoring, and secure custody of private keys. These requirements add cost and risk. PayDo avoids this by converting crypto into fiat at entry and exit.
Clients can use crypto for payments, but their balances remain in fiat, so the standard regulatory frameworks are enough. For merchants, the appeal of crypto payments often comes down to reach and convenience. Customers may be completing their purchases from countries that have limited coverage when it comes to traditional payment methods, or they may simply prefer crypto for its speed and privacy.
A growing group of users already store their funds primarily in cryptocurrency. For them, paying in crypto is the natural course of action – it is conversion back and forth into fiat that is inconvenient.
A Broader Direction for PayDo
The partnership with BVNK supports PayDo’s long-term goal of building a single unified environment for financial management. The company has long focused on battling payment fragmentation – the need to rely on too many providers for one payment stack, which leads to confusion, data silos, and even revenue loss as fees add up.
PayDo has already succeeded in combining multiple offers under one roof:
- Businesses can manage their merchant accounts, conduct international payments, and issue cards from one interface
- Merchant tools support Visa/Mastercard and Apple Pay/Google Pay, all with direct acquiring
- Transfers can happen in more than 50 currencies and to 170+ countries
The addition of crypto-linked features extends this structure – a logical step for a company whose goal is to ultimately become all-in-one. Clients that want to perform operations with cryptocurrency continue to use the same dashboard and the same provider while the offers only expand, and BVNK’s provides the infrastructure that ensures scalability of such conversions. Considering PayDo’s long-term goal of financial innovation, we are likely to see even more additions to their platform in the near future.
