Visa invests in London-based stablecoin payment startup BVNK through its Visa Ventures arm, marking another step in its growing involvement in crypto.
Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation.
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. The company’s CEO, Jesse Hemson-Struthers, wrote:
Rubail 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.”
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