BLINC
BCB LIQUIDITY INTERCHANGE NETWORK CONSORTIUM
One of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. The network aims to transform traditional payments infrastructure by providing a unified architecture capable of handling instant domestic and international fiat transactions, crypto transactions, cross-currency transactions, security tokens and smart contracts, all provided fee-free within the network. BLINC enables participants to settle instantly in any of the currencies supported, with no limits.
ABOUT BLINC
BLINC is a global payments network allowing members to pay each other instantly 24/7/365 across multiple currencies, stablecoins, cryptocurrencies and digital assets.
BLINC is for any client within the BCB ecosystem. Currently, these are our institutional clients that include major crypto exchanges, market makers, lenders, funds, brokers and traders. Building on BCB’s established network of business account customers, BLINC’s roadmap begins with instant borderless settlement in GBP, EUR and CHF, with phased rollouts supporting more fiat currencies, cross-currency settlement, crypto settlement and cross-asset settlement.
FEATURES
- Real-time 24/7/365 settlement of cash and crypto (coming soon) within the network
- FPS, SIC, SEPA and SWIFT access for off-network fiat transfers (incoming and outgoing)
- Free account funding
- Free transactions
- Backed by industry-leading banks and digital asset custodians
- Market leading rates for FX conversion
- Institutional spreads on fiat-crypto conversion (coming soon)
- Segregated client accounts in fiat currencies
- Segregated digital asset wallets
- BLINC is integrated with DASL, developed by LAB577 and built on Corda, paving the way for greater network growth and blockchain interoperability
BENEFITS
- Real-time clearing
- Reduced costs
- Reduced operational and settlement risk
- Free transactions
- No inter-counterparty settlement reconciliation required
- Reduced counterparty risk
- AML and KYC/KYB costs are reduced as participants are already within the network
PRICING
- BLINC accounts are free for existing BCB customers
- Free to top up your BLINC account
- Free transactions within the BLINC ecosystem
- Free withdrawals to your BCB account
- Balance fees apply for currencies with negative interest rates (e.g. EUR, CHF)
HOW IT WORKS
BLINC is a global payments network allowing members to pay each other instantly 24/7/365 across multiple currencies, stablecoins, cryptocurrencies and digital assets.
Example dashboard