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Techub News reports that blockchain payment company BVNK has received strategic investment from the venture capital arm of global payment service provider Visa. This investment follows BVNK's completion of a $50 million funding round last year, with participants including Haun Ventures and Tiger Global.
BVNK is a startup focused on providing stablecoin-based payment infrastructure for businesses. London-based BVNK says it processes $12 billion in stablecoin transactions annually and is expanding into the United States. It has recently entered the U.S. market with offices in New York and San Francisco. The company has applied for licenses in all US states and has been approved in several states.