{"id":55269,"date":"2026-03-18T15:52:13","date_gmt":"2026-03-18T15:52:13","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mastercard-acquires-stablecoin-firm-bvnk-for-1-8b"},"modified":"2026-03-18T16:38:17","modified_gmt":"2026-03-18T16:38:17","slug":"mastercard-acquires-stablecoin-firm-bvnk-for-1-8b","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mastercard-acquires-stablecoin-firm-bvnk-for-1-8b","title":{"rendered":"Mastercard Acquires Stablecoin Firm BVNK for $1.8B"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Eritrea. <\/strong> <\/span>US payments giant Mastercard said Tuesday it will acquire London-based stablecoin infrastructure firm BVNK for up to $1.8 billion, in its biggest move yet to expand into digital currency payments.<\/p>\n<p>The deal includes up to $300 million in contingent payments tied to BVNK meeting performance targets and is expected to close later this year, Mastercard said in a statement.<\/p>\n<p>The acquisition will give Mastercard greater ability to link traditional payment rails with blockchain-based systems, allowing the company to expand into payments involving stablecoins and tokenized deposits as adoption of digital assets accelerates.<\/p>\n<p>\u201cWe expect that most financial institutions and fintechs will in time provide digital currency services,\u201d Mastercard Chief Product Officer Jorn Lambert said in a statement.<\/p>\n<p>Founded in 2021, BVNK said last year its valuation surpassed $750 million. The company\u2019s platform supports transactions across major blockchain networks in more than 130 countries.<\/p>\n<p>\u201cFor all of the advancements made in simplifying the digital currency opportunity, we have only scratched the surface of what\u2019s possible,\u201d BVNK co-founder and CEO Jesse Hemson-Struthers.<\/p>\n<p>\u201cThis deal brings together complementary capabilities to define and deliver the future of money. Together, we\u2019re able to deliver an unprecedented infrastructure for digital currency-based financial services,&#8221; he added.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Eritrea<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. US payments giant Mastercard said Tuesday it will acquire London-based stablecoin infrastructure firm BVNK for up to $1.8 billion, in its biggest move yet to expand into digital currency payments. The deal includes up to $300 million in contingent payments tied to BVNK meeting performance targets and is expected to close later [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[2497,7936,233,4767,2330],"class_list":["post-55269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-acquisition","tag-bvnk","tag-eritrea","tag-mastercard","tag-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mastercard Acquires Stablecoin Firm BVNK for $1.8B - Eritrea<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Eritrea. US payments giant Mastercard sa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mastercard-acquires-stablecoin-firm-bvnk-for-1-8b\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mastercard Acquires Stablecoin Firm BVNK for $1.8B\" \/>\n<meta property=\"og:description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Eritrea. 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