Blockchain Payments Consortium

Making digital money faster, trusted, and interoperable across networks and borders

New industry collaboration uniting blockchain and the payments industry
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Definition of a payment

BPC defines a payment as a value transfer combined with standardized data and compliance requirements, designed to operate consistently across blockchain and traditional payment systems.

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Blockchain is already transforming global payments, with over $15T settled on-chain in 2024, surpassing Visa and Mastercard combined. Yet, businesses and institutions still face friction:

THE PROBLEM

Fragmented payment experiences

THE PROBLEM

Limited compliance solutions

THE PROBLEM

Pooruser experience

the Solution

Our mission is to define safe, common standard that can shape better payment experiences for everyone

Towards safe, frictionless, and compliant transactions across networks

Our Charter

Interested in joining?

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Latest
publication
15 Jan

Data Consistency as a Foundation for Blockchain Payments

In blockchains, data consistency is achieved through a combination of cryptographic hashing, consensus mechanisms, and immutable ledgers. Every transaction is validated according to protocol rules and then recorded in blocks that are cryptographically linked.
Once a block is finalized, altering its data would require rewriting all subsequent blocks and gaining control over the network’s consensus process, which is computationally or economically infeasible in well-designed systems.
Consensus mechanisms (such as Proof of Work or Proof of Stake) play a central role in consistency by ensuring that all honest nodes eventually agree on a single canonical transaction order. This ordered history is critical for payments, where the sequence of transactions determines whether funds are available and whether a transfer is valid at the time it is executed.
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Income across industries

Value built for the blockchain payments community

For blockchain
networks

Access shared compliance and regulatory insights
Participate in joint initiatives with financial institutions
Collaborate with other networks on cross-border solutions

For payment providers & fintechs

Collaborate with other networks on cross-border solutions
Access shared compliance and regulatory insights
Participate in joint initiatives with financial institutions

For banks & financial institutions

Consistent framework for cross-border transactions
Direct dialogue with blockchain networks and regulators
Participation in working groups shaping industry best practices

For enterprises & corporate users

Guidance for seamless adoption of blockchain payments
Access to frameworks ensuring regulatory compliance
Opportunities to contribute use cases and operational insights
Membership

Our founding members

Mysten labs

“The rapid growth in stablecoin adoption shows that the broader payments industry is ready for the shift that next-generation blockchains like Sui, with near-instant settlements and infinite scalability, offer. However, high friction experiences between fiat and blockchain payment systems are a serious barrier to entry for those web2 companies looking to explore stablecoin solutions. The future of hybrid payments will not exist without set standards and solutions for interoperability, which is why Mysten Labs is joining the Blockchain Payments Consortium as a founding member. We are committed to providing common frameworks enabling fast and easy payments activity on any chain.”

Lola Oyelayo-Pearson
Director of Commerce and Consumer Product at Mysten Labs
Website

Stellar Development Foundation

"Stellar has helped move billions across borders — efficiently, reliably, at scale. But the real unlock for blockchain payments isn't speed, it's trust. BPC is building the shared standards that let different networks, institutions, and regulators actually work together. That's what makes global adoption real."

Raja Chakravorti
Chief Business Officer, Stellar Development Foundation
Website

Fireblocks

“Over the last 18 months, our industry has achieved mainstream adoption, with payments at the forefront. As more established players enter the space, improving how we collaborate, coordinate, and operate together is essential. This is especially critical for Fireblocks, a key infrastructure provider that powers 15% of all blockchain transactions and serves 70% of institutions. The Blockchain Payments Consortium offers a vital platform to achieve this, and we should all actively support its mission.”

Ran Goldi
SVP Payments and Network, Fireblocks
Website

The Open Network Foundation

“TON Foundation is helping shape an open Web3 ecosystem for everyone through the apps and platforms they use every day. Through the Blockchain Payments Consortium, we’re uniting networks, institutions, and enterprises to define common standards and make blockchain payments fast, trusted, scalable and global. Together with our partners, we’re laying the foundation for an inclusive, borderless digital economy for everyone.”

Nikola Plecas
Vice President of Payments, TON Foundation
Website

Polygon

"At Polygon Labs, we see payments as the most powerful real-world use case for blockchain. The future of payments is about connection and simplicity, making it as easy and reliable as sending a text," said Jamal Raees, head of payments at Polygon Labs. "The Blockchain Payments Consortium brings the industry together around that goal. By building on open and trusted infrastructure like Polygon PoS, we can make blockchain payments seamless and accessible, helping establish it as a core part of global commerce."

Website

Monad Foundation

"Monad Foundation is proud to join the Blockchain Payments Consortium as a founding member. For blockchain payments to scale globally, we must align innovation with the regulatory and operational standards that underpin traditional finance. BPC’s work to define a common framework will help bridge that gap and enable faster, safer, and more consistent payment experiences across networks and borders.”

Raj Parekh
Head of Stablecoins and Payments at Monad Foundation
Website

Solana Foundation

“Solana enables capital to move at the speed of the internet: instantly, globally, and at scale. For this vision to reach its fullest potential, we need shared standards that make blockchain payments as seamless and trusted as any traditional network. As part of the Blockchain Payments Consortium, we’ll help define these standards and unlock utility for users and businesses worldwide.”

Sheraz Shere
GM Payments, Solana Foundation
Website
Cetus
Mysten labs
Cetus
Stellar Development Foundation
Cetus
Fireblocks
Cetus
The Open Network Foundation
Cetus
Polygon
Cetus
Monad Foundation
Cetus
Solana Foundation
Cetus
Sui Foundation
making payments simple

Enabling safe, frictionless, and compliant transactions across networks

Instant, low-cost cross-border transfers

Easier access to FXand remittances

Trusted rails for stablecoins and digital assets

The next generation of payments

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