Source: BVNKRubail Birwadker, head of products and partnerships at Visa, explained that “stablecoins are fast becoming a part of global payment flows.” He said that Visa invests in new technologies and builders, such as BVNK, who are involved in “what’s next in commerce to better serve our clients and partners.”Related: Stablecoin fever: 5 major stablecoins are growing crypto adoptionBVNK is on a rollVisa’s investment in BVNK follows the stablecoin infrastructure company closing a $50 million Series B funding round led by Haun Ventures at the end of 2024, with plans to expand into the United States.
Visa said at the time that “Coinbase already has millions of users with a debit card connected to their account,” and now they will get “real-time delivery of account funds for those using an eligible Visa debit card.”During the same month, Visa unveiled its Visa Tokenized Asset Platform.
According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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