BVNK, a UK-based digital payments firm processing over $12 billion annually, is launching its stablecoin payment solutions into the U.S. market. Founded in 2021, the company’s infrastructure enables enterprises to make their operations new-stablecoin-transaction-enabled-at-scale. BVNK has quickly positioned itself as a leader in the digital payments space. The firm is proud of its unusual geographic diversity, with offices in London, New York, and San Francisco. This expansion will provide fast, reliable, and safe payment rails that businesses depend on. This latest change pretty clearly positions them to take advantage of the exploding stablecoin/compliant token economy.

Strategic Expansion into the U.S. Market

This recent licensing approvals across a number of states means BVNK’s expansion into the U.S. market has been timely. This strategic acquisition strengthens the company’s position to offer its new stablecoin payment solutions to more types of businesses who need them. The company has a vision to build the empowering infrastructure for businesses to start deepening roots in the new stablecoin economy.

The firm’s underlying infrastructure powers stablecoin transactions, providing businesses a simple, easy-to-use method of accepting digital funds. BVNK just raised a $50 million Series B, making its case as a market leader even stronger. This funding will help power the company’s expansion efforts, as well as development of new features for their growing platform.

To give one example, BVNK recently piloted an initiative to issue stablecoin-backed credit cards in South America, through a partnership with crypto firm Bridge. The program let consumers use US Dollar-backed stablecoins in a way that leveraged the existing Visa infrastructure. That said, Visa Ventures also participated in the investment into BVNK.

Visa's Backing and Investment

Visa’s investment in BVNK further highlights the increasing interest in stablecoin payment solutions. This partnership represents a first major use case for stablecoins by demonstrating their interoperability with existing payment infrastructure. The ongoing collaboration between BVNK and Visa is designed to connect the world of digital assets with traditional commerce.

"Stablecoins are fast becoming a part of global payment flows. Visa invests in technologies and companies like BVNK to stay at the forefront of what’s next in commerce." - Rubail Birwadker

The company is on track to process $12 billion of annualized stablecoin payments, a sign of the growing use of digital currencies in commercial transactions. BVNK’s mission is to empower businesses with the most efficient and secure payment rails, allowing them to leverage the ever-expanding stablecoin economy. The firm’s integrated platform offers organizations of all dimensions a faster, simpler, safer and less expensive way to pay and get paid.

Vision for the Future of Payments

BVNK’s vision is to rewire global payments using stablecoins – providing businesses an easier, better, and secure way to transact. The company’s platform gives businesses a simpler, safer and faster way to digital payments. By using stablecoins in international transactions, BVNK hopes to make payments cheaper and more transparent.

"Combining Visa’s global network with our programmable stablecoin infrastructure opens up new possibilities for the digital economy." - Hemson-Struthers

The company’s recent expansion into the U.S. market is an exciting development, and a big step towards making this vision a reality. BVNK aims to be at the forefront of digital payments innovation. We want to arm enterprises with the cutting edge tools to allow them to prosper in as we speak’s evolving financial ecosystem.