Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation.
According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote:
“I’m particularly excited about what it means to partner with Visa—the original payments innovator. Their deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses operate in today’s digital economy.“BVNK-VISA partnership image. Source: BVNK
Rubail Birwadker, head of products and partnerships at Visa, explained that “stablecoins are fast becoming a part of global payment flows.” He said that