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Visa Ventures invests in the stablecoin infrastructure platform BVNK, promoting the globalization of stablecoin payments.
PANews, May 7 - According to Forbes, Visa has invested in the stablecoin payment infrastructure platform BVNK through its venture capital arm, Visa Ventures. This marks Visa's first direct investment in a startup in this field and is seen as a strong validation of the potential of stablecoins as a global payment infrastructure. BVNK currently processes an annual volume of $12 billion and counts companies like Deel and dLocal among its clients. Last year it was reported that the stablecoin infrastructure company BVNK completed a $50 million Series B funding round, led by Haun Ventures.