In recent payment company Stripe $1.1 billion acquisition of stablecoin platform Bridge.xyz sending shockwaves through the crypto payments sphere, attention has turned to the next generation of stablecoin payment infrastructure providers.
Among them are BlindPaya 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company taking a unique approach to the challenge of global payments (if you want to apply for the EasyA Hackathon at Consensus Hong Kong 2025, please go here).
While Bridge.xyz has captured the US and European markets with its business-focused approach, BlindPay is betting on emerging markets — especially those in Latin America — as the key to mass adoption of the stablecoin. This focus comes at a time when a16z crypto prediction increasing enterprise acceptance of stablecoins for payments, calling them “the cheapest way to send dollars.”
“What differentiates us from Bridge is our focus on emerging markets,” said Bernardo Simonassi Moura, 26-year-old CEO of BlindPay. “We already operate in Argentina, Mexico, Colombia and Brazil, and we have compliance and regulations in place for customers in those regions.”
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Unlike Bridge’s enterprise-centric model that relies on monthly commitment fees, BlindPay uses what Moura calls the “Shopify approach” of trying to democratize access to global payment methods for small and medium-sized businesses through a transaction fee model. This approach aligns with a16z’s prediction that small and medium-sized businesses will be among the first to adopt stablecoin payments to avoid heavy transaction fees imposed by traditional financial firms.
Since its launch in July, the strategy has proven highly effective, with BlindPay securing 19 customers across gaming, payments and DAO, including notable names like LootRush in gaming and Hifibridge and WalaPay in payments . Monthly payment volumes have grown from $30,000 at launch to more than $300,000 recently, and Moura expects that number to grow to $2.5 million by adding new customers.
BlindPay’s competitive advantage lies in its deep integration into Latin American markets, particularly Brazil, where crypto adoption is at the forefront ten worldwide, according to Chainlysis. In addition, Moura is highly focused on the developer experience, drawing on his seven years of experience as a software engineer and product designer. “I’m always working to bring the seamless and easy-to-use developer experience offered by platforms like Resend, Stripe, Ankey, SVX, and Clerk to the Web3 space,” he said.
The market opportunity
BlindPay’s market potential is huge. The cross-border payment industry, currently dominated by SWIFT, processes approximately $33 trillion annually. Stablecoins, which will move $8.5 trillion by 2024, offer a compelling alternative. “If I want to send money from Brazil to Argentina using stablecoins, it takes 30 seconds, while SWIFT takes five business days,” Moura said.
Going forward, BlindPay’s ambitions go beyond stablecoin integrations. “We have a long-term strategy of leveraging our team’s fintech experience to launch banking-as-a-service features powered by stablecoins,” Moura said. To that end, the company plans to connect to card networks, enable stablecoin spending through card issuance and facilitate the purchase of tokenized stocks from regulated regions.
With its four co-founders bringing experience from traditional fintech — including Silicon Valley’s Lending Club and Brazilian fintech unicorns — BlindPay is well positioned to bridge the gap between traditional finance and crypto-natives. solution. As the stablecoin payments landscape changes, their focus on emerging markets, developer-friendly infrastructure and building a comprehensive stablecoin-powered banking ecosystem could prove to be a winning strategy in the race to revolutionize global payments.
