Visa, the leading company in the field of payment, announced that it has invested in the BVNK Stablecoin Payment Infrastructure company to support digital transformation. The amount of investment is not shared with the public and the automation and facilitating the transactions between enterprises is aimed to be facilitated.
Purpose of Investment and Expectations
The company thinks that stablecoins will become widespread rapidly in global payment systems. Thanks to the investment, BVNK’s infrastructure is aimed to make international transactions faster and more efficient. It is expected to automate digital transactions and offer alternative solutions to traditional banking methods.
BVNK aims to play an important role in money transfers worldwide thanks to its current technology. The company plans to bring innovation to global commercial payments by automating digital trading processes. It also aims to strengthen its existence in the international area by opening it to the US market.
Important explanations and expressions
Jesse Hemson-Struthers, one of the founding partners of BVNK, stated that the company’s technological infrastructure could revolutionize payment systems. “It was noticed early that stablecoins will play a basic role in the global payment system, and we have configured our infrastructure accordingly. He used his words.
In addition, Rubail Birwadker, responsible for growth and partnership products of Visa, also conveyed the contribution of technology investments to payment flows:
“Stablecoins, while increasing international money flow, our investment aims to provide better service to our customers.”
In December, BVNK received the support of important investors such as Coinbase Ventures in an investment round of $ 50 million. This financial support supports the goal of strengthening the company’s technological infrastructure and increasing its competitiveness in the international market.
The company draws attention in digital transactions with a stabilcoin payment volume of approximately $ 12 billion annually. High trading speed and efficiency pave the way for the formation of new standards in global money transfers. The developing infrastructure promises to provide the solutions needed by enterprises in the digital transformation process.
Investment and technology cooperation has the potential to increase the adoption of digital solutions in the financial sector. The business world’s efforts to provide automation in international payments are supported by such innovative approaches. The partnership may positively shape the expectations for the future of the sector.
Developments are seen as an important step in the evolution of digital payment systems and strengthen the strategies of companies to integrate technology into business processes. While the investment affects the competitive environment in the sector, it can help businesses manage international operations more effectively.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
