Visa’s Bold Move: The Giant’s Bet on Stablecoins—A Revolution in Payments?

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Ah, the world of credit cards! And now, Visa—yes, the mighty Visa—decides it’s time to get cozy with the world of stablecoins. But don’t fret, it’s not about crypto madness. No, no, Visa’s just here to upgrade those tedious B2B transactions with some “next-gen” payments. Now, doesn’t that sound all so futuristic? 🌍💸

Enter BVNK, the company that’s too cool for traditional banks. Jesse Hemson-Struthers, CEO and co-founder, goes all philosophical in the blog post, telling us how they “early on” realized stablecoins are the future. Naturally, they’ve built their “infrastructure” (fancy word, right?) from scratch. Apparently, the idea is to automate and streamline global stablecoin payments—because who wants slow, archaic systems anyway? 🙄

“At BVNK, we recognized early that stablecoins would emerge as an instant global payment rail and a viable alternative to the traditional correspondent banking system.” – Well, look who’s ahead of the curve! 🌐✨

Hemson-Struthers gushes over Visa, calling it the “original payments innovator.” And, naturally, this collaboration will “change how businesses operate digitally.” But let’s be real, we all know it’s really about getting their UK-based operation into the US market—nothing like a bit of cross-continental charm! 🇬🇧➡️🇺🇸

“What makes me proudest is seeing the real-world impact of our technology.” – Cue dramatic music. Currently, BVNK is handling a “modest” $12 billion in annual stablecoin payments. A small number, really, if you ask the kind of companies who deal with billions of dollars for breakfast. 💰

Rubail Birwadker, from Visa, chimes in, claiming, “Stablecoins are fast becoming a part of global payment flows.” Wow, thanks for that incredibly insightful piece of news, Rubail! I bet no one saw that coming. 🤦‍♂️

Oh, and by the way, BVNK just wrapped up a $50 million Series B fundraising round. A little pocket change from the big shots at Coinbase Ventures. No big deal. 💸😎

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2025-05-08 01:09