According to Bloomberg, Mastercard plans to acquire the stablecoin infrastructure startup BVNK in a deal worth up to $1.8 billion, including $300 million in contingent consideration. This announcement comes just four months after BVNK’s approximately $2 billion merger talks with Coinbase fell through. Both parties jointly issued a statement on Tuesday confirming the transaction.
Mastercard to Acquire Stablecoin Infrastructure Startup BVNK for Up to $1.8 Billion
TechFlowShare
Summary
Mastercard to Acquire Stablecoin Infrastructure Startup BVNK for Up to $1.8 Billion in On-Chain News. The deal, confirmed in a joint statement, includes $300 million in contingent consideration. This follows failed $2 billion merger talks with Coinbase just four months ago. The move comes amid rising interest in crypto news and stablecoin infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.