Coinbase & Mastercard Vie to Take Over Stablecoin Firm BVNK – The Best Altcoi...
Quick Facts: 1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations. 2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B. 3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in […]
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A Coinbase spokesperson confirmed to Fortune that the cryptocurrency exchange has officially terminated its acquisition discussions with UK-based stablecoin startup BVNK. Coinbase had initially secured exclusive negotiation rights with BVNK after navigating a competitive bidding process. Coinbase Abandons BVNK Acquisition A Coinbase representative stated, “We’re continuously seeking opportunities to expand on our mission and product […]
According to a report from Bloomberg, US-based cryptocurrency exchange Coinbase (COIN) is reportedly in advanced negotiations to acquire BVNK, a startup specializing in stablecoin infrastructure, in a deal valued at approximately $2 billion. This acquisition is pending due diligence and could see closure later this year or early next year. Coinbase Ventures Poised To Acquire BVNK […]
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion deal. This move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency exchange. Exchange Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported....
Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace.
Mastercard Partners With Coinbase
Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating:
We’re excited to announce today that we’re partnering with Coinbase to let....
The metaverse might be the next best thing for payment providers and credit card firms like MasterCard. Coinbase is adding another heavy-hitting name to it’s list of partners across the crypto exchange’s umbrella, and will look to leverage MasterCard’s resources to reduce friction in the onboarding and fiat onramping process for consumers. What seems like […]