Mastercard Acquires BVNK for $1.8 Billion to Enhance Stablecoin Integration
Mastercard has acquired the UK-based stablecoin infrastructure startup BVNK for $1.8 billion. According to NS3.AI, BVNK facilitates stablecoin payments across more than 130 countries and holds payment licenses in several nations. This acquisition aims to integrate stablecoins into Mastercard's international remittance network, Mastercard Move. Additionally, Mastercard has decided to halt its previously considered strategic investment in Zerohash.
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