Inside stablecoin firm BVNK’s journey to a $1.8B acquisition by Mastercard

Inside stablecoin firm BVNK’s journey to a $1.8B acquisition by Mastercard

Early BVNK investor Concentric shares a fascinating inside view on the stablecoin startup’s journey and the eventual Mastercard deal.

CASE STUDY | From South Africa to Building a Billion-Dollar Stablecoin Infrastructure – Inside the BVNK Acquisition Journey

MasterCard’s $1.8 billion acquisition of stablecoin infrastructure firm, BVNK, followed years of growth, competition from major payments and crypto companies, and a closely contested process in which cultural fit ultimately mattered as much as price. The deal offered a rare glimpse into the path taken by the London-based stablecoin company with early investor, Concentric, providing insight into BVNK’s journey from a startup valued at just $4 mil…

Mastercard wins BVNK acquisition over Coinbase's rival bid

Mastercard's acquisition of BVNK strengthens its position in the crypto payments space, intensifying competition with Visa and impacting Coinbase's strategy. The post Mastercard wins BVNK acquisition over Coinbase’s rival bid appeared first on Crypto Briefing.

Mastercard to Acquire Stablecoin Firm BVNK in $1.8 Billion Deal

Mastercard is the buyer, and BVNK, a company that builds stablecoin payment infrastructure rather than issuing a consumer-facing coin, is the target.Read more...