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 enhance 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 choice to customary banking systems.Hemson-Struthers explains, “We’ve built our infrastructure to make stablecoin payments accessible to businesses of all sizes.”
The investment comes as stablecoins gain institutional interest. Visa recently partnered with Bridge to enable stablecoin-funded Visa cards in Latin America. This allows users to pay in local currencies, avoiding crypto volatility.
Stablecoin payment volumes are rising. Visa’s Onchain Analytics reports $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 businesses.
BVNK is expanding into the U.S., opening offices in San Francisco and New York. Hemson-Struthers is excited about partnering with Visa, calling it a return to frist principles in payments innovation.
