Visa Invests in U.S. Market Growth of Stablecoin Infrastructure Provider BVNK for Enhanced Digital Asset Services
** Liberated Article **
Hey there, finance enthusiast! Today, we're talking about Visa and its strategic step into the world of digital payments with BVNK, a stablecoin payment network.
Visa is investing an undisclosed sum in BVNK to improve business-to-business transactions by automating and streamlining stablecoin payments. In a recent blog post, BVNK's CEO Jesse Hemson-Struthers explains that they've created their infrastructure from the ground up to ensure that these new payment rails are accessible to businesses of all sizes. Collaborating with Visa, which Hemson-Struthers calls the "original payments innovator," will help BVNK expand into the US market in 2025.
Hemson-Struthers is proud of the real-world impact of their technology, as they currently process $12 billion in annualized stablecoin payment volumes. He believes the investment from Visa will further fuel their momentum in the US.
Rubail Birwadker, head of growth products and partnerships at Visa, sees stablecoins as a growing part of global payments. He states that Visa is investing in new technologies and builders like BVNK to stay at the forefront of the rapidly evolving world of commerce.
Interestingly, in December 2024, BVNK completed a $50 million Series B fundraising round and received funds from Coinbase Ventures and other renowned venture capitalist firms.
Out there in the crypto realm, there's a lot happening: The World's First International Crypto Trading Cup kicked off live, Casper 2.0 went live on mainnet, and Flipster made its esports debut as TALON's Dota Two team's official crypto exchange partner. So, stay tuned for more updates!
As always, remember to stay informed but cautious when it comes to investing in digital assets. Keep learning, and let's revolutionize finance together!
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Disclaimer: The opinions expressed here are not investment advice. Always do your own research before making any high-risk investments in digital assets.
[1] Visa's investment details source: Visa blog post
[2] BVNK's Series B fundraising round source: BVNK press release
[3] Participating investors source: Visa blog post and BVNK press release
[4] BVNK expansion history source: BVNK press release
[5] Visa's strategy and impact interpretation source: CNBC, Coindesk, Investopedia, and BVNK investor relations communications
- This strategic move by Visa, a renowned player in the finance industry, involves an investment in BVNK, a stablecoin payment network, which specializes in automating and streamlining business-to-business transactions.
- BVNK's CEO, Jesse Hemson-Struthers, expressed his pride in the real-world impact of their technology, processing $12 billion in annualized stablecoin payment volumes.
- The collaboration with Visa, considered the "original payments innovator," will aid BVNK in expanding into the US market by 2025.
- In the crypto trading realm, various events are unfolding: The World's First International Crypto Trading Cup has started, Casper 2.0 has gone live on mainnet, and Flipster has partnered with TALON's Dota Two team as their official crypto exchange.
- In December 2024, BVNK concluded a $50 million Series B fundraising round, receiving funds from esteemed venture capitalist firms, including Coinbase Ventures.
- Despite the promising advancements in cryptocurrency, altcoins, Ethereum, and the integration of technology in finance, it's crucial to remember to stay informed but cautious when investing in digital assets.
