Mastercard Deepens Crypto Push With $1.8B Acquisition of Stablecoin Payments Firm BVNK
Share:
Mastercard acquired stablecoin infrastructure provider BVNK for $1.8 billion, expanding its crypto payments and stablecoin infrastructure to accelerate institutional on‑ramps and adoption. The deal follows Mastercard's outreach to Ripple, Binance, PayPal, Circle and other crypto firms last week, signalling coordinated partnerships to bridge traditional finance and blockchain and strengthen payments infrastructure.
Predictions Markets
See what traders are focused on
Payments giant Mastercard continues with its pro-crypto endeavors, announcing a major acquisition of the stablecoin infrastructure provider BVNK for $1.8 billion.
The move followed another major expansion from last week, when Mastercard tapped Ripple, Binance, PayPal, Circle, and other crypto companies in an attempt to bridge the gap between traditional finance and blockchain.
Read More
STRC Falls 5% Below Par: Normal Preferred Behavior or Warning Sign?
