Core Insights - Visa and Mastercard are widely accepted payment methods, but they do not issue credit cards, which differentiates their risk profile during economic downturns [1][2] - The credit card transaction process involves multiple parties, including consumers, retailers, and the banks that issue the cards, with Visa and Mastercard acting as facilitators [3][5] - Visa and Mastercard operate as toll takers in the payment processing industry, facing minimal credit risk since they do not handle the funds directly [7][8] Summary by Sections - **Payment Method Overview** - Credit cards allow consumers to make purchases with the promise of future payment, involving various stakeholders in the transaction [3] - **Transaction Process** - The process begins with a consumer purchase, where the retailer receives immediate payment from the issuing bank, creating a short-term loan between the consumer and the bank [5][7] - **Role of Visa and Mastercard** - Visa and Mastercard facilitate transactions and earn fees without being exposed to default or payment risks, as they do not manage the actual funds exchanged [6][8]

Core Insights - BVNK has emerged as a significant player in the financial technology sector, attracting interest from major firms like Coinbase, Mastercard, Visa, and Citi [1][5] - The startup's growth trajectory has been impressive, with annualized volumes reaching $10 billion by the time of its Series B funding round [3] - The increasing adoption of stablecoins poses a challenge to traditional banks and payment processors, prompting them to invest in stablecoin infrastructure [4] Investment and Acquisition Interest - BVNK's Series A funding in 2022 raised $40 million but did not attract major players in the crypto or payments sectors at that time [2] - Following its Series B, BVNK received strategic investments from Visa and Citi, indicating a shift in interest from major financial institutions [3][7] - Reports suggest that Coinbase and Mastercard are in advanced talks to acquire BVNK, with potential valuations between $1.5 billion and $2.5 billion [5][6] Strategic Implications - An acquisition by Coinbase could allow the company to influence the stablecoin choices of BVNK's customers, particularly favoring USDC due to its existing revenue-sharing agreement with Circle [6] - Mastercard's interest in BVNK aligns with its strategy to integrate stablecoins into its global payment network, potentially giving it a competitive advantage over Visa [8]

Core Insights - Coinbase is in advanced negotiations to acquire BVNK, a London-based stablecoin fintech company, with a potential valuation between $1.5 billion and $2.5 billion [1] - If the deal is finalized, it would represent the largest acquisition related to stablecoin infrastructure to date, highlighting the intensifying competition between traditional financial institutions and cryptocurrency companies for dominance in the digital payment future [1] Company Overview - BVNK focuses on providing stablecoin payment infrastructure for enterprise clients [1] - BVNK has recently received investment from Citigroup, although the investment amount and latest valuation have not been disclosed [1] - The co-founder of BVNK, Chris Harmse, indicated that the current valuation exceeds the previously reported $750 million from the last funding round [1]

Group 1 - Coinbase and Mastercard are in advanced talks to acquire London-based stablecoin firm BVNK, with the deal estimated between $1.5 billion and $2.5 billion, and Coinbase reportedly having the upper hand in negotiations [2][8] - If the acquisition is completed, it would represent a significant milestone for both the cryptocurrency and traditional finance sectors, highlighting the convergence of blockchain-based payments with established financial infrastructure [2] - BVNK, founded in 2021, has become a key player in stablecoin infrastructure, assisting businesses in integrating stablecoins into payments and cross-border transactions [3][4] Group 2 - The stablecoin market has seen explosive growth, surpassing $304 billion, driven by the US GENIUS Act, which provides a federal framework for stablecoin issuance and transparency [5] - Stablecoins are considered faster, cheaper, and more efficient than traditional payment systems, with settlement times reduced to seconds [6] - Citigroup is exploring the issuance of a Citi stablecoin and developing tokenized deposit services for corporate clients, indicating increased competition in the stablecoin space [7]

Coinbase and Mastercard in $2 billion bidding race for stablecoin firm BVNK: report https://t.co/ewp6zlrLDI ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com BVNK于2021年成立，总部位于伦敦，专注为企业提供稳定币支付、跨国结算及资金管理解决方 案。花旗集团旗下风投部门Citi Ventures日前向BVNK注资。BVNK联合创始人Chris Harmse日前接受 《CNBC》访问时未透露花旗投资额，但表示估值在上一轮融资时已披露达7.5亿美元。 据财富，加密货币交易所Coinbase与支付系统营运商万事达卡(Mastercard)，拟竞购稳定币新创公司 BVNK，交易估值约介乎15亿至25亿美元。Coinbase暂在竞购中处于领先位置。如果落实交易，这将成 为迄今最大规模稳定币公司收购个案，亦反映稳定币已进入金融主流之一。 （责任编辑：刘静 HZ010） CNBC引述Visa数据显示，过去12个月稳定币交易额接近9万亿美元，而Coinmarketcap数据则指， 目前所有稳定币的估值超过3000亿美元。 ...

Core Insights - Coinbase and Mastercard are engaged in a competitive bidding process to acquire London-based stablecoin fintech company BVNK, with the potential deal valued between $1.5 billion and $2.5 billion, marking it as the largest acquisition in the stablecoin sector to date [1][2][4] Group 1: Acquisition Details - The potential acquisition price range for BVNK is reported to be between $1.5 billion and $2.5 billion, with Coinbase currently leading the negotiations [2] - BVNK specializes in building stablecoin payment infrastructure and offers blockchain-based digital payment solutions for businesses [2] Group 2: Strategic Implications - This acquisition highlights the interest of financial giants like Coinbase and Mastercard in expanding their business through stablecoin technology, which offers instant settlement and significantly lower transaction costs compared to traditional systems like SWIFT [3] - For Coinbase, acquiring BVNK would strengthen its position in the crypto payment ecosystem, while for Mastercard, it represents a significant strategic shift towards blockchain payment technology [4] - Regardless of the outcome, this bidding war indicates that stablecoin infrastructure will be a central battleground in the next phase of fintech competition, influencing the future direction of digital payment systems [4]

🚨 JUST IN: Coinbase and Mastercard are in negotiations to acquire stablecoin startup BVNK for around $2B, with Coinbase reportedly leading, per Fortune. https://t.co/Vhpu5siGPF ...

Stablecoin Market Activity & Institutional Interest - Tokenization activity is experiencing significant growth [1] - Institutions are actively competing for stablecoin exposure, indicating the beginning of their digital asset expansion strategies [1] - This expansion may lead to institutions launching their own stablecoin and custody solutions [1] Mergers & Acquisitions (M&A) and Investment - Coinbase and MasterCard are reportedly in advanced discussions to acquire BVNK for over $2 billion [1] - m0 raised $40 million in a Series B funding round [1] - Citigroup has recently invested in BVNK [1] Stablecoin Market Size - USDT's market capitalization stands at $178 billion [1] - USDC's market capitalization is $76 billion [1] Regulatory Confidence & Market Trajectory - Growing confidence in stablecoins following the GENIUS Act suggests a strong future trajectory for the industry [2] - Continued large-scale M&A activity signals a strong bull cycle [2] Collateralized AI Investments - USDAI successfully structured a $500 million deal for collateralized AI investments [1]

Coinbase & MasterCard have are in deep talks to acquire BVNK for $2B+ according to Fortune.m0 raised a $40M series B.USDAI just successfully structured a $500M deal for collateralized AI investments.USDT at $178B.USDC at $76B.Citigroup invested in BVNK as of late.What more evidence do we need?The institutions are fighting tooth and nail for stablecoin exposure. This is the beginning of their digital asset expansion strategy at large, which may lead to more of these firms launching their own stablecoin & cus ...