Mastercard Buys Stablecoin Firm BVNK for Up to $1.8B
Mastercard said it will acquire the stablecoin infrastructure startup BVNK for as much as $1.8 billion. It's the latest example of a traditional payment network positioning to remain competitive as emerging technologies become more prominent. Diksha Gera, Bloomberg Senior Analyst, and Bloomberg Reporter Paige Smith joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)