Visa strategically invests in the blockchain payment company BVNK, doubling down on stablecoins.

GateUser-6433627c · 2025-05-07T12:07:07+00:00

Visa's venture capital division strategically invested in BVNK on May 7, a company focused on stablecoin-based payment infrastructure, demonstrating the trend of traditional financial companies getting involved in blockchain currency flows. BVNK has developed software that allows businesses to send and receive stablecoins globally, with current stablecoin volume reaching $12 billion. The company is expanding into the U.S. market and has established offices in New York and San Francisco, obtaining licenses in multiple states.

GateUser-6433627c

2025-05-07 12:07:07

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On May 7th, according to Coindesk, Visa’s venture capital arm, a global payment service provider, made a strategic investment in the startup BVNK, which is building a payment infrastructure based on stablecoins. This move reflects the trend of TradFi companies entering the blockchain-driven flow of currency. A BVNK spokesperson confirmed via email that the deal has been completed but declined to disclose the size of the investment. The software developed by BVNK allows businesses to send and receive stablecoins in the global market. The London-based company stated that its annual stablecoin volume has reached $12 billion and has recently entered the U.S. market, with offices in New York and San Francisco. The company has applied for licenses in all U.S. states and has received approvals in several states.

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