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0.000547013890245517 -5.86086310976864E-05 0.000586086310977308 0.000244202629573915 0.000947506202746818 0.000263738839939811 -0.00394631449391443 -0.00341883681403481
Stock impact report

Mastercard says it's acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments [CNBC]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: CNBC
Joan Cros Garcia - Corbis | Corbis News | Getty Images Mastercard on Tuesday said it agreed to acquire BVNK , a London-based stablecoin infrastructure firm, for up to $1.8 billion. It's the payment network's biggest bet yet on the mainstreaming of digital currencies. The deal includes $300 million in payments that are contingent on BVNK hitting certain performance metrics and is expected to close this year, Mastercard said in a statement The acquisition gives Mastercard, the world's second-largest payment network after Visa , the ability to connect traditional payment rails with emerging blockchain-based systems. That will allow Mastercard to enmesh itself in payments systems involving stablecoins and tokenized deposits as they gain adoption in coming years. “We expect that most financial institutions and fintechs will in time provide digital currency services,” Mastercard Chief Product Officer Jorn Lambert said in his firm's release. BVNK, which was founded in 2021 and tol Show less Read more
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