Mastercard to acquire BVNK to connect on-chain payments and fiat rails
United States, March 18 -- Mastercard announced a definitive agreement to acquire BVNK, a leader in stablecoin infrastructure, for up to $1.8 billion, including $300 million in contingent payments. The deal further expands Mastercard's end-to-end support of digital assets and value movement across currencies, rails and regions.Technology continuously evolves how value is exchanged between people and businesses. Digital assets powered by blockchain technology have the potential to make money movement faster and smarter. While nascent today, digital currency payment use cases are rapidly scaling, reaching at least $350 billion1 in volume in 2025.With increased regulatory clarity on digital currencies in multiple geographies, financial institu...
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