Visa has announced a strategic investment in the stablecoin infrastructure startup BVNK through its Visa Ventures arm. This investment follows BVNK's $50 million Series B funding round conducted in December. BVNK focuses on developing a real-time payment network for businesses using blockchain technology. The announcement comes shortly after Visa partnered with Bridge from Stripe to introduce a stablecoin service in Latin America, emphasizing the growing role of stablecoins in global payment systems. BVNK aims to enhance payment solutions for businesses, addressing the rise in demand for stablecoins, which are digital tokens usually pegged to stable assets like the US dollar. Visa's head of growth products noted that stablecoins are becoming integral to payment flows worldwide, reflecting the company's commitment to innovation in the payment space. Meanwhile, Visa's competitor, Mastercard, is also expanding its offerings in the crypto sector, enabling transactions in stablecoins via collaborations with crypto exchanges.

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