Case Study: Bank of Ireland enables USDT payouts and collections in Ireland with TransFi

Bank of Ireland enables USDT settlements across 100+ countries with TransFi

Bank of Ireland, a major Irish financial institution, sought to leverage stablecoins for faster, cross-border payments while needing to settle transactions in euros within the local banking system. They partnered with TransFi to utilize its compliant payment gateway and conversion services for USDT.

TransFi provided a solution combining USDT's blockchain rails with local fiat settlement. The vendor's platform enabled the bank's business clients to send and receive USDT payments, which were then seamlessly converted to euros and deposited into accounts at Bank of Ireland and AIB Group. This hybrid approach resulted in faster international payments, lower fees, and streamlined global value transfers while operating within the Irish regulatory framework.

Bank of Ireland