Visa Bets on Stablecoin Demand With Investment in BVNK

By: decrypt|2025/05/08 06:30:02
0
Share
copy
Visa Bets on Stablecoin Demand With Investment in BVNK Payments giant Visa has made a strategic investment in stablecoin infrastructure startup, BVNK—its second crypto move in recent days. In brief Visa continues to invest in stablecoin infrastructure, this time backing BVNK. BVNK builds crypto payments infrastructure for businesses. Decrypt’s Art, Fashion, and Entertainment Hub. Visa announced another crypto venture this week, revealing an investment in stablecoin infrastructure company BVNK. London-based BVNK announced the “strategic investment” from Visa via the payment giant’s Visa Ventures arm. It did not reveal the size of the investment, but said it came following the firm’s $50 million Series B round in December. BVNK says it’s building a “real time, 24-7, 365 payments network” for businesses using blockchains. Only last week, Visa announced that it was partnering with Bridge, a unit of payment services provider Stripe, to offer a new stablecoin service in Latin America. BVNK @Visa We've secured investment from Visa Ventures to expand our stablecoin payments infrastructure globally. This strategic partnership follows our recent $50M Series B and strengthens our mission to provide businesses with efficient, secure payment rails for the... pic.twitter.com/K5iv9sx2Tq — BVNK (@BVNKFinance) May 6, 2025 Stablecoins in the crypto world are digital tokens pegged to non-volatile assets—usually dollars. They have typically been used by traders to enter and exit transactions, but in recent years have also been popular in countries with collapsing currencies. Investors can buy stablecoins —which are available on a number of top crypto networks, like Ethereum and Solana —and hold them in digital wallets. Private companies Tether and Circle respectively issue the two biggest stablecoins by market cap, USDT and USDC , though Circle recently filed to go public . Visa’s Head of Growth Products and Partnerships Rubail Birwadker said: “Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.” Neither BVNK nor Visa could immediately be reached for comment. Visa has in the past hinted at a number of crypto-orientated ventures, including helping merchants accept stablecoins on Solana’s network. Its rival, Mastercard, is also pushing ahead with stablecoin-related plans, and last week announced a new collab with payments processor Nuvei and crypto exchange OKX to allow customers to spend digital tokens. Edited by Andrew Hayward Daily Debrief Newsletter

You may also like

On the eve of the Fed meeting, are traders starting to bet on a rate hike?

Middle East Battlefield, Distant Gunfire, and How to Rewrite the Fed's Rate Cut Script

Can AI Make $200 a Day with Weather Forecasting?

You may think you understand the weather in Shanghai, but it takes a system to uncover trading opportunities others can't see.

The Pentagon and the Market Have Simultaneously Sentenced Anthropic | Rewire News Evening Report

Anthropic's enterprise AI adoption is poised to surpass OpenAI by mid-2026.

Aster Deepens Strategic Partnership with WLFI, Launches USD1-Valued Perpetual Contract Market

The decentralized exchange platform Aster, strategically invested in by YZi Labs, has today announced the deepening of its strategic partnership with World Liberty Financial (WLFI). This collaboration has introduced a USD1-priced perpetual contract and new trading incentives, including WLFI token rewards and fee discounts for USD1 pairs, while allowing users to earn additional rewards by holding USD1.

Overnight, the crypto tycoons were severely played by Vanity Fair

A group of big shots who reached the peak through the cryptocurrency industry attempted to seek more recognition and support from the outside world through Vanity Fair magazine, but did not realize that this was a huge "trap," instead appearing in the public eye in a clownish manner.

Auto Earn Crypto Passive Income: Staking Rewards Up to 8% APR

Start earning crypto passive income with auto earn. Get up to 8% APR on BTC and higher yields on stablecoins. Compare staking rewards and maximize your returns today.

Popular coins

Latest Crypto News

Read more