In the wake of Stripe’s seismic $1.1 billion acquisition of stablecoin platform Bridge.xyz, the crypto payments landscape is primed for disruption. Enter BlindPay, a 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company taking a novel approach to the challenge of revolutionizing global payments.
Betting on Emerging Markets
While Bridge.xyz conquered US and European markets with an enterprise-centric strategy, BlindPay is wagering on emerging markets — especially in Latin America — as the key to mass stablecoin adoption. CEO Bernardo Simonassi Moura explains:
What differentiates us from Bridge is our focus on emerging markets. We already operate in Argentina, Mexico, Colombia and Brazil, with compliance and regulations in place to onboard customers in those regions.
– Bernardo Simonassi Moura, BlindPay CEO
This focus dovetails with a16z crypto’s prediction of surging enterprise and SMB acceptance of stablecoins for payments as “the cheapest way to send a dollar.” BlindPay’s “Shopify approach” aims to democratize global payment rail access for SMBs via a transaction-fee model, sidestepping Bridge’s reliance on enterprise commitment fees.
Rapid Growth and Deep LatAm Integration
The strategy is paying off, with BlindPay securing 19 gaming, payments, and DAO customers since July, including notables like LootRush, Hifibridge, and WalaPay. Monthly payment volumes have soared from $30K at launch to over $300K, with Moura projecting $2.5M soon from new customers.
BlindPay’s secret sauce is deep integration with LatAm markets like Brazil, a top 10 country for crypto adoption per Chainalysis. Moura also emphasizes a developer-first ethos informed by his software engineering background:
I always strive to bring the seamless and intuitive developer experience that platforms like Resend, Stripe, Ankey, SVX, and Clerk offer to the Web3 space.
– Bernardo Simonassi Moura, BlindPay CEO
Massive Market Opportunity
The opportunity is immense. SWIFT’s cross-border payment dominance covers a $33 trillion annual market. But stablecoins, with $8.5 trillion moved in 2024, offer huge advantages:
If I want to send money from Brazil to Argentina using stablecoins, it takes 30 seconds, while SWIFT takes five business days.
– Bernardo Simonassi Moura, BlindPay CEO
Beyond stablecoin integrations, BlindPay has ambitious plans to launch stablecoin-powered banking services by leveraging its team’s fintech expertise from Lending Club and Brazilian fintech unicorns. Card issuance, stablecoin spending, and tokenized stock investing are all on the horizon.
The Bottom Line
By bridging traditional finance and crypto with a focus on emerging markets, developer-friendly infrastructure, and a comprehensive stablecoin banking vision, BlindPay is well-positioned to be a leading player in the race to overhaul global payments. In the rapidly evolving stablecoin arena, they are definitely one to watch.
