Visa announced this week a strategic investment in BVNK, a London-based stablecoin infrastructure company. The investment, made through Visa Ventures, follows BVNK's $50 million Series B round in December. This move aims to bolster BVNK's efforts to build a real-time, 24/7 payments network for businesses using blockchains.
BVNK is developing a payment network that operates continuously, supporting businesses utilizing blockchain technology. Last week, Visa also revealed a partnership with Stripe's Bridge to introduce a stablecoin service in Latin America. Stablecoins, pegged to assets like the U.S. dollar, are increasingly used in global payment flows.
Mastercard is also advancing in the crypto space, having announced a collaboration last week with Nuvei and OKX. This partnership will enable customers to spend digital tokens more easily. Visa's investment in BVNK and its other recent crypto ventures highlight the growing integration of stablecoins into mainstream financial systems.
This article is based on our author's analysis of materials taken from the following resources: Visa, Mastercard.