Mastercard agrees to purchase BVNK for up to $1.8 billion
CoinDesk
Mastercard is acquiring stablecoin infrastructure company BVNK for up to $1.8 billion to enhance its digital asset capabilities.Summary
Payments giant Mastercard has announced an agreement to acquire BVNK, a U.K.-based stablecoin infrastructure company, for a total consideration of up to $1.8 billion, which includes $300 million in contingent payments. This acquisition is intended to expand Mastercard's capabilities in supporting digital assets and value movement across various currencies, rails, and regions. BVNK provides a stablecoin-powered financial stack for enterprises, enabling money movement across over 130 countries in seconds, and its infrastructure is currently utilized by companies such as Worldpay, Deel, and Flywire, processing billions of dollars annually.
(Source：CoinDesk)