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Dollars without delays for remote workers
Utoppia, a US-based fintech company founded by Argentinian entrepreneur Stefano Angeli gives remote workers in emerging markets access to US dollar banking services. Through BVNK’s stablecoin infrastructure, Utoppia meets growing user demand for digital dollars that work globally and settle in seconds.
The challenge
Remote workers in emerging markets like Latin America and India face significant obstacles when receiving payments from US companies:
- Delays of 3-5 days through traditional banking rails
- High fees and unfavorable currency conversion rates
- Limited banking options in local markets
- Need for stable USD currency value in regions with volatile local currencies
“In emerging economies, people want access to dollars, and they know what stablecoins are. They already know they're as valuable as fiat currencies and even cheaper, faster, stronger. Our users have been asking for stablecoin services so they can access, hold and spend in dollars globally.”
The solution
Utoppia integrated BVNK to add stablecoin capabilities, creating a single banking experience that connects US dollar banking with global stablecoin functionality.
How it works:
- Utoppia users receive US dollar payments from employers directly into their Utoppia USD bank account.
- From their USD balance, they can choose to send stablecoin payouts to any stablecoin wallet globally, powered by BVNK.
- BVNK auto-converts USD to stablecoins and sends the payment.
This flow is particularly valuable for remote professionals who want to keep their funds in dollars but want to use them daily, without friction and globally (consider a designer in Argentina who works for US companies through platforms like Upwork or LinkedIn).
The solution is designed for international professionals who want to maintain their local lifestyle while accessing global economic opportunities.
“You can live where you are, you don't need to move and change your family traditions, but you can still find a job in the US. You can have the best of both worlds – having your salary, career, and money in the most secure currency, economy and financial system while living in a place where the cost of life is much cheaper.”
Why BVNK?
Utoppia selected BVNK as their stablecoin partner for three key reasons, as Stefano explains:
- Stablecoin-native approach: "Having stablecoins at the core of their strategy was one of the key reasons we chose BVNK. This allows us to enable powerful, global financial services for our customers.”
- Comprehensive roadmap: "With BVNK as a core partner, we can clearly see the path forward for developing our product. BVNK has a full stack product roadmap that isn’t only about stablecoins in and out."
- Product coverage: "With BVNK, we enable our customers to hold funds in stablecoins via stablecoin wallets, as well as in USD and EUR – capabilities we haven’t found with other providers.”
The results
Utoppia's integration of BVNK's stablecoin infrastructure has transformed how remote workers in emerging markets use their earnings and accelerated the company's growth:
- Simplified global money movement: workers receive US dollars into their Utoppia USD accounts, and can convert to stablecoins near-instantly for local use.
- Revenue growth: Stablecoin capabilities are projected to grow more than 40% Utoppia's revenue in the coming year.
- Enhanced competitive position: Utoppia now offers a unique value proposition, combining US banking stability with global stablecoin utility.
"We believe stablecoins are the killer feature in our solution," said Stefano. "We’re not just a savings account, which people use to send money abroad once a year. We are the primary bank account for our international users – and they need to use those funds outside the US every month. BVNK allows us to go there and beyond."
By partnering with BVNK, Utoppia is delivering on its vision of "banking the world" – providing emerging market professionals with access to the stability of the US dollar combined with the efficiency of stablecoin technology for global money movement.
