Visa invests in stablecoin payment platform BVNK amid pro-crypto push
Visa has invested in BVNK, a London-based startup specializing in stablecoin payment infrastructure, indicating its commitment to digital asset innovation. The investment, described as a partnership rather than just capital, aims to leverage Visa's expertise in global payment networks alongside BVNK's stablecoin technology. BVNK recently closed a $50 million Series B funding round, with plans to expand into the U.S. and develop local banking infrastructure. Visa is enhancing its crypto involvement, allowing eligible debit card users to deposit and withdraw funds from Coinbase instantly. Additionally, Visa launched the Tokenized Asset Platform to streamline the management of tokenized assets, including stablecoins and central bank digital currencies.
