Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune

Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune

By Coindesk
Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to six people familiar with the matter who spoke with Fortune.

Article Details

**Coinbase and Mastercard Battle for $2.5B BVNK Acquisition in Major Stablecoin Infrastructure Play**

Leading cryptocurrency exchange Coinbase and payments giant Mastercard are reportedly engaged in advanced acquisition talks to purchase BVNK, a London-based fintech specializing in stablecoin payment infrastructure, with valuations reaching up to $2.5 billion according to Fortune sources.

This potential mega-deal highlights the intensifying competition for blockchain-based payment solutions as traditional finance and cryptocurrency sectors converge. BVNK's stablecoin infrastructure represents critical digital asset technology that could revolutionize cross-border payments and DeFi applications.

The acquisition talks underscore growing institutional adoption of cryptocurrency technologies, with both Coinbase and Mastercard recognizing stablecoins' potential to transform global payment systems. For Coinbase, acquiring BVNK would strengthen its position in the evolving crypto ecosystem beyond traditional Bitcoin and altcoin trading. Meanwhile, Mastercard's interest signals deeper integration of blockchain technology into mainstream financial services.

This development comes as stablecoin market capitalization continues expanding, with institutions increasingly viewing these digital assets as essential infrastructure for future payment rails. The outcome could significantly impact cryptocurrency adoption and blockchain-based financial services globally.

Article Details

Market Sentiment
positive
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Crypto#News

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