Visa Ventures Invests in Stablecoin Pioneer BVNK
Visa Ventures has invested in BVNK, a stablecoin payments infrastructure provider. This move aims to integrate stablecoin technology into visa’s global network. The financial details are undisclosed, but it follows BVNK’s $50 million Series B round in December 2024.
BVNK CEO Jesse Hemson-Struthers views this partnership as more than just financial support.He sees it as a validation of BVNK’s vision to revolutionize global payments using stablecoin technology. Visa’s Rubail Birwadker agrees, stating that stablecoins are becoming integral to global payment flows.
BVNK processes $12 billion in annual stablecoin payments. Its platform supports high-volume,automated transactions,offering a faster and cheaper alternative to traditional banking systems. Hemson-Struthers believes stablecoins will become a global payment rail, accessible to businesses of all sizes.
Visa’s investment comes as the stablecoin sector gains institutional interest. Visa recently partnered with Bridge to enable stablecoin-funded Visa cards in Latin America. This collaboration allows users to fund cards with stablecoins, which are then converted to local currency at the point of sale.
Stablecoin payment volumes have surged, with Visa’s Onchain Analytics reporting $33.4 trillion in global stablecoin volume. Dragonfly Capital’s Haseeb Qureshi predicts 2025 as a turning point for stablecoins, seeing them as key tools for small and medium-sized businesses.
BVNK is expanding into the U.S. market, opening offices in San Francisco and New York. The Visa deal is a critically important milestone for BVNK, combining Visa’s expertise with BVNK’s stablecoin infrastructure to create new possibilities in payments innovation.
