Last but not least BVNK, a crypto startup specialized in stablecoin payments, has announced investment from Visa Ventures. The investment will be used to help BVNK scale its infrastructure that will enable businesses to use stablecoins. BVNK’s mission is to break the grip of the old correspondent banking system and help businesses benefit from the fast-growing stablecoin economy.

Founded in 2021, BVNK soon became one of the most dominant players in the digital payments space. The company provides stablecoin infrastructure that lets enterprise businesses scale their transaction processing and payment capacity. BVNK now powers $12 billion in annualized stablecoin flows.

BVNK is a crypto-native fintech operating from offices throughout London, New York, and San Francisco, with licensing approvals across multiple U.S. states. The company had previously raised $50 million in a Series B funding round led by Union Grove Ventures.

Strategic Investment and Expansion

The investment from Visa Ventures is an important milestone for BVNK. The investment proves that BVNK’s mission to rewire global payments using stablecoins is resonating.

"This isn’t just capital—it’s a powerful validation of our mission to rewire global payments with stablecoins." - Hemson-Struthers

BVNK is currently focused on entering and expanding in the U.S. market. It is using its exclusive licensing approvals to provide secure stablecoin payment channels to a greater number of businesses.

Stablecoin Innovation

BVNK is building infrastructure to allow businesses to access the rapidly emerging stablecoin economy. Stablecoin adoption has skyrocketed to over $27 trillion in global transaction volume just last year. BVNK piloted a stablecoin-backed credit card initiative in South America in partnership with crypto firm Bridge, showcasing its commitment to innovation.

"Combining Visa’s global network with our programmable stablecoin infrastructure opens up new possibilities for the digital economy." - Hemson-Struthers

With its transformative innovations around stablecoins, the company has arguably put itself at the vanguard of the emerging digital payments ecosystem.

Visa's Perspective

Visa’s recent investment in BVNK is a further sign of the company’s long-term strategy of leaning into the cryptocurrency ecosystem. Visa understands that stablecoins are playing an increasingly significant role in international payment flows.

"Stablecoins are fast becoming a part of global payment flows. Visa invests in technologies and companies like BVNK to stay at the forefront of what’s next in commerce." - Rubail Birwadker

With Visa’s backing, BVNK will be able to continue growing quickly and extend its reach even further.