Coinbase and Mastercard Plan to Acquire BVNK for $2.5 Billion.

Coinbase and Mastercard's Talks on BVNK Progressing

Coinbase and Mastercard are in advanced discussions to acquire the London-based fintech company BVNK. This deal is expected to value BVNK between $1.5 billion and $2.5 billion.

According to sources close to the talks, Coinbase appears to be a step ahead in acquiring this new technology venture. However, it is noted that no definitive agreement has been reached yet.

The negotiations between a cryptocurrency exchange like Coinbase and the payment giant Mastercard are of great significance for the future of digital payments. If the deal goes through, it would be the largest acquisition related to stablecoins to date.

Recently, Stripe acquired another stablecoin company, Bridge, for $1.1 billion, highlighting the growing demand for blockchain-based payment networks. BVNK provides tools that help businesses send and receive funds using stablecoins, offering a similar service in this space.

The technology of this company offers instant transactions and lower fees compared to traditional systems. Neither Coinbase nor Mastercard has made an official statement regarding these discussions.

If this agreement is finalized, it could significantly shape the flow of stablecoins within both the cryptocurrency and traditional financial systems.