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Mastercard and BVNK launch a platform to hold and spend fiat and stablecoins in one place
Summary
Mastercard and BVNK have launched a Global Money Platform that lets banks, fintechs and enterprises hold, convert and spend both fiat money and stablecoins through a single API, Decrypt reported.
It is the first major integration since Mastercard acquired BVNK, a deal Decrypt valued at $1.8 billion and Cointelegraph said took place in August.
Cointelegraph reported that Nuvei and Marqeta are among the first companies to adopt the platform, and Decrypt said support for agentic commerce is planned.
Key facts
- The platform offers a single API to hold, convert and spend fiat and stablecoins.
- Mastercard's BVNK acquisition was valued at $1.8 billion.
- Nuvei and Marqeta are among the first adopters.