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TechFlow news: On March 17, Bloomberg reported that Mastercard plans to acquire BVNK, a stablecoin infrastructure startup, for up to $1.8 billion, including $300 million in contingent consideration. This acquisition announcement comes just four months after BVNK’s approximately $2 billion merger talks with Coinbase collapsed. Both parties jointly issued a statement on Tuesday confirming the deal.
According to Bloomberg, Mastercard plans to acquire BVNK, a stablecoin infrastructure startup, for up to $1.8 billion, including $300 million in contingent consideration. This acquisition announcement comes just four months after BVNK’s approximately $2 billion merger talks with Coinbase collapsed. Both parties jointly confirmed the deal in a statement released on Tuesday.
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