COIN Stock Rises After Reports of Mastercard’s BVNK Acquisition Talks
COIN stock jumped after reports of Mastercard talks to buy stablecoin firm BVNK, potentially the largest deal of its kind.
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
SoFi stock rose after the company announced that its SoFiUSD stablecoin will be used as a settlement option on Mastercard’s global payments network.
COIN stock jumped after reports of Mastercard talks to buy stablecoin firm BVNK, potentially the largest deal of its kind.
Major payment processors face stock pressure as retail giants explore stablecoin alternatives that could bypass traditional card networks and reduce transaction fees.
These companies are well-positioned to reap long-term trends.
After partnering up with the likes of Binance, Nexo, and Gemini, Mastercard intends to form new alliances to expand its crypto card program.
Bitso recently announced the rollout of its crypto debit card to users in Mexico.
Visa and Mastercard are reportedly pausing their crypto push due to persisting market rout.
A web3 company recently partnered with Mastercard to enable cryptocurrency payments throughout New Zealand and Australia.
Brazil becomes the second country in Latin America to receive Binance Card.
Mastercard is expected to announce a program that allows banks to offer crypto trading services to their clients, as per CNBC.
Mastercard is rolling out a new AI-powered service to help banks detect suspicious transactions with crypto merchants.
General interest in NFTs fade as the market downturn starts taking its toll on the young asset class.
Both payment processing giants have chosen to stick with Binance as they monitor the situation.