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Stock impact report

Mastercard just super-charged Wall Street's crypto land grab with $1.8bn BVNK acquisition [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The $451 billion company added stablecoin infrastructure startup BVNK to its portfolio just as traditional financial players ramp up their adoption of blockchain technology. Market watchers say the move is part of a bigger financial industry land grab where Wall Street giants are vying for dominance. “Everyone wants the orchestrators,” Wyatt Lonergan, general partner at VanEck Ventures, told DL News . “Why? Because moving between the fiat and stablecoin layer is where the complexity [is], and complexity is where they can extract margin. “The goal is to build distribution and whoever does that can likely begin to eat at other layers of the stack to further increase margin and increase loyalty — think wallets, stablecoin issuance, maybe even their own chain.” Mastercard's move comes on the back of high-profile acquisitions and initiatives from rival firms. Stripe, the $159 billion fintech, is a key example. Over the past two years, it has not only bought businesses like stabl Show less Read more
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