Mastercard will acquire stablecoin payments infrastructure company BVNK for up to $1.8 billion, Reuters reported on Tuesday.
Mastercard said the acquisition is a strategy to strengthen its position in the digital asset ecosystem, including stablecoins, beyond traditional card networks.
Mastercard Chief Product Officer Jorn Lambert (요른 람베르트) said, "Most financial institutions and fintech companies will soon provide digital currency services."
BVNK is a startup that provides stablecoin-based cross-border payments and enterprise infrastructure, and has shown rapid growth in recent years.
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Chi-gyu Hwang
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