Visa backs BVNK startup developing stablecoin transactions

BVNK is actively expanding its presence in the United States: the company has already applied for licenses to operate in all states and received permission in a number of them. The startup has also opened offices in New York and San Francisco, which indicates its desire to gain a foothold in the American market.

The platform processes about $12 billion in stablecoin transactions annually, ensuring stable and fast transfers. Cooperation with Visa opens up new prospects for the startup: the company hopes for deeper integration with the global payment network and an expansion of the scope of digital assets.

According to Jesse Hemson-Struthers, the integration with Visa will allow combining the experience of traditional payments with the advantages of blockchain technologies, which will play a key role in the formation of a new digital financial environment. He also noted that the development of stablecoin solutions creates opportunities for more efficient international settlements.

Visa representative Rubail Birwadker confirmed the company's commitment to innovation in the field of digital payments. He emphasized that stablecoins are becoming an important part of the global payment infrastructure, and Visa strives not only to adapt to these changes, but also to set their direction.

Experts have previously noted that the largest banks and leading fintech companies around the world are actively joining the so-called "stablecoin race", competing for leadership in this promising industry. The deal between Visa and BVNK fits into the general trend and demonstrates the growing attention of traditional players to digital assets and blockchain-based technologies.