Visa invests in stablecoin payment platform BVNK amid pro-crypto push
Visa has invested in BVNK, a London-based stablecoin payment infrastructure startup, indicating its ongoing commitment to digital asset innovation. The investment, announced on May 7, is noted as a strategic partnership rather than just financial backing, with BVNK's CEO expressing excitement about collaborating with Visa's expertise in global payment networks. Rubail Birwadker from Visa highlighted the growing role of stablecoins in global payment systems, emphasizing the company's focus on new technologies that facilitate commerce. This partnership follows BVNK's previous funding round led by Haun Ventures in late 2024, with ambitions to expand into the U.S. market. Visa's involvement in crypto continues to grow, evidenced by recent initiatives allowing users to deposit and withdraw funds via Coinbase using Visa debit cards. These developments reflect Visa's strategic positioning in the evolving financial landscape that increasingly includes cryptocurrencies and digital assets.
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