Mastercard to acquire BVNK in stablecoin push
Mastercard will buy stablecoin payments infrastructure firm BVNK for up to US$1.8-billion, as the card giant deepens its push into blockchain-based transfers. Increasing regulatory clarity and broader usage of stablecoins have created opportunities for card networks to expand beyond traditional cards into faster, lower-cost digital payment systems. Mastercard and rival Visa are competing to establish…