Crypto
Mastercard to acquire stablecoin infrastructure firm BVNK
Mastercard will acquire stablecoin payments infrastructure company BVNK for up to $1.8 billion, Reuters reported on Tuesday. Mastercard is pursuing the deal to strengthen its presence in the digital asset ecosystem, including stablecoins, beyond traditional card networks. Chief Product Officer Jorn Lambert said most financial institutions and fintech companies would soon offer digital currency services. BVNK provides stablecoin-based cross-border payments and enterprise infrastructure.
