Clients of payment gateway Powertranz can now pay with stablecoin thanks to a new partnership with 1Money, the first vertically integrated financial stack.

Bermuda-headquartered Powertranz can now take stablecoin to settle invoices and pay for services, offering a faster, more flexible alternative to traditional international cross-border payment methods.

Powertranz chief executive Chris Burns said the partnership represents a further step in that journey — one that recognises the growing role of digital assets in the global payments landscape and the evolving expectations of modern merchants.

A vertically integrated financial stack is a business strategy where a single financial entity owns or controls multiple, typically separate, stages of the financial services supply chain — from user interface and compliance to balance sheet and settlement.

“By integrating 1Money’s platform, clients can now settle Powertranz invoices faster and more efficiently than traditional cross-border transactions,” Mr Burns said.

He added that the integration eliminates many of the inefficiencies associated with traditional international transfers, including delays and high conversion costs, while remaining fully compliant with applicable regulations.

Mr Burns said this was the first phase of a wider stablecoin payments strategy.

“At Powertranz, we are committed to giving our clients more choice in how they do business with us,” the CEO said.