US EditionMastercard to Acquire BVNK for $1.8 Billion to Integrate Stablecoin Payments
Mastercard's $1.8 billion acquisition of BVNK expands its digital-asset services, enabling stablecoin payments across 130+ countries and processing $30 billion annually, company said.
- On Tuesday, Mastercard announced it will acquire London-based BVNK for up to $1.8 billion including $300 million in contingent payments, with the deal expected to close by year end, Mastercard said.
- In an off-and-on bidding race, BVNK attracted suitors, including Coinbase which nearly bought it for around $2 billion before talks collapsed around November, with the $1.8 billion price a large premium over its $750 million Series B valuation in December 2024.
- Mastercard highlighted BVNK's geographic licences and tech depth, noting that "BVNK has spent the last seven years building not just the technology, but also obtaining licenses in multiple geographies," Jorn Lambert said.
- The deal will enable Mastercard to connect traditional payment rails with blockchain systems, supporting cross-border transfers, remittances and business-to-business payments amid $350 billion stablecoin volumes in 2025.
- Mastercard is making its biggest bet yet on digital currencies by acquiring BVNK for $1.8 billion, eclipsing Stripe's $1.1 billion Bridge deal last year and following last week's Crypto Partner Program with more than 85 companies.
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76 Articles
Mastercard buys stablecoin firm BVNK for up to $1.8bn
For most of its fifty-year history, Mastercard has been, in essence, a message-passing network. A transaction happens; Mastercard’s rails carry the authorisation signal between issuer and acquirer in milliseconds; settlement follows on a separate, slower track. The system is extraordinarily reliable and extraordinarily profitable. It is also, increasingly, a system designed for a world that […] This story continues at The Next Web
Mastercard Embraces Digital Future with $1.8 Billion Bet on Stablecoin
Mastercard is going all out to avoid becoming a casualty of disruptive tech. On Tuesday, the credit card giant announced an agreement to acquire the stablecoin payments infrastructure firm BVNK, in a deal worth up to $1.8 billion. It’s a move that could help secure Mastercard’s place in not just the crypto world of tomorrow, but the AI-driven one too. Change Agents While stablecoins (a.k.a., cryptocurrencies with a value pegged 1:1 with a fiat c…
Mastercard to acquire BVNK for up to $1.8 billion, accelerating stablecoin payments push
Mastercard will buy stablecoin infrastructure firm BVNK in a deal worth up to $1.8 billion, expanding its blockchain-based payments capabilities and intensifying competition with Visa.
Previously, negotiations with Coinbase had failed. Mastercard is increasingly investing in digital currencies. The start-up complements a crypto partnership that Mastercard recently announced.
Giant of credit cards has sought to approach the encryption medium so as not to stay behind in new payment systems
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