Global payments giant Mastercard is reportedly in talks to acquire BVNK, a technology startup developing stablecoin infrastructure. According to Bloomberg, the planned acquisition could be worth up to $1.8 billion.
This amount also includes an additional payment of approximately $300 million that could be paid based on performance.
The development comes after merger negotiations between BVNK and cryptocurrency exchange Coinbase, which began around four months ago, ended without resolution. At the time, it was reported that the parties were working on a deal worth around $2 billion, but negotiations were unsuccessful.
BVNK is known as a financial technology company that develops stable payments and financial infrastructure solutions based on blockchain. The company is working on systems that allow businesses to make fast and inexpensive payment transactions via stablecoins. Such infrastructure is seen as an alternative to traditional financial systems, especially in cross-border payment transactions.
Analysts believe that a possible acquisition of BVNK by Mastercard could strengthen the company’s strategy in the field of digital assets and blockchain-based payment systems. The growing interest of global payments giants in stablecoin technologies in recent years indicates that blockchain-based solutions are increasingly being adopted in the financial sector.
Neither side has yet officially announced a purchase agreement. However, according to sources interviewed by Bloomberg, discussions are underway and the parties are working on a possible agreement. If the acquisition goes through, it could be one of the largest deals ever between payment technology and crypto infrastructure companies.
*This does not constitute investment advice.
