Mastercard Buys Stablecoin Firm BVNK for $1.8B
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mastercards acquisition of BVNK for up to $1.8 billion marks a significant step into blockchain and stablecoin payments. The deal, which includes potential extra payments, aims to connect traditional finance with onchain transactions. Mastercards chief product officer, Jorn Lambert, anticipates widespread digital currency services, including stablecoins and tokenized deposits. BVNK, founded in 2021, enables cross-border payments across major blockchains in over 130 countries, bridging fiat and stablecoins. The acquisition comes after Coinbases withdrawal from a $2 billion deal with BVNK and investments from Visa and Citigroup, reflecting the growing traction of stablecoins amid improved regulations.
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