Exciting news for local businesses! Bullring Finance has officially launched a new payment solution that lets stores accept stablecoin payments while receiving settlements in their local currency. With over 30 stores already onboarded, this marks a major step in closing the gap between cryptocurrency users and traditional retail businesses.
Bridging Digital and Traditional Commerce
In today’s rapidly evolving digital payment landscape, stores are discovering new opportunities in the growing digital economy. Bullring Finance helps these businesses expand their customer base by connecting them to the crypto-native customer base, without changing how they receive and manage their money. Using Bitcoin’s Lightning Network and Taproot Assets, we’ve created a bridge that makes stablecoin payments as familiar as traditional transactions – stores accept stablecoin and receive settlement in Brazilian Real.
“Our platform enables local mom and pop stores to tap into the growing crypto-native customer base without taking on any cryptocurrency risk,” says Lucius Unegbu, COO at Bullring Finance. “Stores receive payments in their local currency while customers can spend their stablecoins – it’s a win-win solution.”
Innovation Through Technology
At the heart of Bullring Finance’s solution is a powerful combination of proven technologies. The Lightning Network powers the payment system, enabling customers to complete transactions in less than a second, while the integration of Taproot Assets ensures secure and efficient stablecoin transactions directly on the Bitcoin network. This infrastructure is complemented by a real-time fiat conversion system, which instantly converts payments to local currency, completely shielding businesses from any cryptocurrency volatility.
Stores benefit from Bullring Finance’s competitive 0.14% – 0.70% transaction fee, delivering substantial savings compared to traditional payment processors that charge between 2.5-3.5% for credit card transactions.
Security and Reliability
Bullring Finance’s solution provides stores with comprehensive security and peace of mind. Once a payment is confirmed, it cannot be reversed or charged back, eliminating a major pain point that businesses face with traditional payment methods. Stores are fully protected from cryptocurrency market fluctuations as all payments are instantly converted to their local currency at the time of transaction. The platform’s use of Taproot Assets ensures that transaction details remain private while still being verifiable, and the entire system is built on Bitcoin’s battle-tested network infrastructure that has maintained perfect security for over a decade.
Seamless Integration for Stores
Bullring Finance prioritizes simplicity in store adoption. The platform provides multiple integration paths, from simple web payment widgets and e-commerce plugins to mobile application and custom API integration, all designed to work seamlessly with existing business operations. Each store receives personalized onboarding support to ensure a smooth transition to accepting digital payments.
Stores receive same-day settlement to their bank accounts, with no cryptocurrency expertise required. The system handles all complexity behind the scenes, providing a familiar payment experience for both businesses and customers.
Rapid Growth Plans
Bullring Finance aims to onboard 50,000 stores this year, with an initial goal of 5,000 stores this quarter. The company’s expansion strategy focuses on direct retail acquisition in key commercial areas alongside strategic partnerships with POS providers and retail chains. Beginning in Brazilian metropolitan areas, Bullring Finance plans to expand throughout the region, with future development across Latin American markets.
Getting Started
Stores ready to modernize their payment infrastructure can begin accepting crypto payments immediately while receiving their local currency. Bullring Finance’s team provides comprehensive onboarding support, including:
- Personal consultation to understand business needs
- Same-day account setup
- Hands-on technical guidance
- Dedicated support throughout the integration process
For more information about integrating Bullring Finance’s payment solution, visit bullring.finance.
