tl;dr
Visa has made a strategic investment in London-based stablecoin infrastructure company BVNK through its Visa Ventures arm, following BVNK's $50 million Series B funding round in December. BVNK is developing a real-time, continuous payments network for businesses using blockchains. This investment al...
Visa has made a strategic investment in London-based BVNK through its Visa Ventures arm, following BVNK's $50 million Series B funding round in December. BVNK is focused on building a real-time, 24/7 blockchain payment network designed for businesses, aiming to streamline global stablecoin payments infrastructure.
This move aligns with Visa’s broader crypto strategy, including a recent partnership with Stripe’s Bridge to offer stablecoin services in Latin America. Stablecoins, digital tokens pegged to stable assets like the US dollar, are gaining momentum in global payment systems, providing a stable and efficient medium for transactions.
Visa’s Head of Growth Products and Partnerships, Rubail Birwadker, emphasized that stablecoins are becoming integral to global payment flows. The company’s investment in BVNK illustrates its commitment to advancing payment technologies and remaining at the forefront of commerce innovation.
Meanwhile, competitor Mastercard is also actively advancing stablecoin projects, recently partnering with payments processor Nuvei and crypto exchange OKX to enable spending of digital tokens. Both giants signal a clear trend toward integrating stablecoins into mainstream payment infrastructures, reflecting the growing demand for secure and efficient digital payment solutions worldwide.