Visa has made a strategic investment in BVNK, a UK-based stablecoin infrastructure provider through its Ventures division, which is part of its ongoing effort to connect traditional finance with the growing cryptocurrency ecosystem.
According to Crypto News on the 6th (local time), BVNK, a leading stablecoin payment infrastructure provider, has received strategic investment through Visa's Ventures division. This investment comes at a time when BVNK is expanding its business to the United States.
According to the announcement, BVNK sees this partnership as validating its vision to streamline global transactions through stablecoin payments, a movement that is gaining momentum.
BVNK recognizes the potential of stablecoins as a fundamental payment technology. According to Visa Onchain Analytics, global stablecoin transaction volume is expected to reach 27 trillion dollars from 1.25 billion transactions by 2025.
BVNK has built infrastructure to promote scalable and automated stablecoin payments to provide an efficient alternative to traditional banking systems for businesses of all sizes.
Visa's interest in BVNK is part of its broader strategy to integrate cryptocurrency solutions into its vast global network, which includes 4.8 billion cards, 150 million merchants, and 14,500 financial institutions.
This investment follows a Series B funding round of 50 million dollars in December 2024, led by Haun Ventures and participated by Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global.
Jesse Hemson Struthers, CEO and co-founder of BVNK, stated, "The combination of Visa's global payment network expertise and our stablecoin infrastructure provides a powerful potential to redefine how businesses operate in today's digital economy."
BVNK already processes 12 billion dollars in annual transactions, helping banks, fintech, and enterprises use stablecoins for seamless domestic and cross-border payments without directly interacting with blockchain technology.
The company is also expanding its footprint in the US market by opening new offices in San Francisco and New York, led by a team of industry veterans.
In addition to stablecoin payment solutions, BVNK is intensifying efforts to provide its infrastructure to enterprises.
For example, the company recently launched Layer1, a digital asset payment platform that Harms describes as an "ultra-optimized stablecoin core banking stack".
This product provides a ready-to-use foundation for enterprises to build stablecoin-based solutions. BVNK has also recently unveiled an embedded wallet with pre-installed stablecoin functionality.
These developments align with Visa's increasing interest in supporting the broad stablecoin ecosystem, which continues to attract attention in global commerce.
Stablecoins showed significant growth in 2024, with previous transfer volumes higher than Visa and Mastercard combined.
Annual stablecoin transfer amounts reached 27.6 trillion dollars, driven by platform adoption on networks like Solana and Base. Tether (USDT) remains dominant, accounting for nearly 80% of transaction volume.
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