Crypto startup BVNK raises £40m to power stablecoins

Quick Summary:

BVNK, a stablecoin payments infrastructure firm, has closed a Series B funding round of almost £40 million.

Stablecoins are emerging as a transformative infrastructure upgrade for payments, positioned to take on legacy systems like Swift.

Since its Series A funding in 2022, BVNK has processed over $10 billion in annualised payment volumes via its platform which aims to make sending, receiving and storing stablecoins seamless.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United KingdomUnited States

Topics: FinTech Investment Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 23:04:26 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 24523920

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Official Website: businesscloud.co.uk

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