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Written by
Gabriel Benegra
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GTM
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Accessing the U.S. and European financial systems is still difficult for individuals and companies around the world: slow processes, extensive requirements and banking complexity that limits global participation.
Unblock is introducing Named Virtual Accounts, enabling companies to provide their end customers with dedicated U.S. and European bank details in their own names, with access to ACH, Wire, SEPA and SWIFT.
How virtual accounts work
Each virtual account provides unique bank details assigned to a specific customer or business. When a payment is received, the account details identify who the funds belong to, removing the need for a reference code or manual reconciliation.
Once the funds arrive, the fiat currency is automatically converted into stablecoins and credited to the corresponding balance.
Why choose Named Virtual Accounts with Unblock
With Named Virtual Accounts from Unblock, you enable people and companies across different markets to send and receive USD and EUR more efficiently, reduce costs and access the global financial system.
For our partners this means:
Faster and cheaper payments: Send and receive using ACH, Wire, SEPA and SWIFT.
New revenue streams: Integrate virtual accounts directly into your platform to expand your service offering.
Fast time to market: Start issuing accounts and managing payments from within the Unblock platform.
Global accounts connected to local rails: Enable customers to move funds between dedicated USD and EUR accounts and local currencies through Pix in Brazil and SPEI in Mexico.
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