Visa invests in London-based stablecoin payment startup BVNK through its Visa Ventures arm, marking another step in its growing involvement in crypto. Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation. According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote: Rubail Birwadker, head of products and partnerships at Visa, explained that “stablecoins are fast becoming a part of global payment flows.” He said that Visa invests in new technologies and builders, such as BVNK, who are involved in “what’s next in commerce to better serve our clients and partners.” Read more
Telcell CJSC and Armeconombank (AEB) users can order and receive a Visa digital co-branded card for free as part of joint cooperation. The strategic cooperation between the parties aims to develop innovative technologies in the fintech sector. In the first stage of collaboration, with the support of AEB, the Telcell Wallet application users will be able to create a bank account and replenish their wallets. Artyom Baghdasaryan Head of Cards Department of “Armeconombank” noted: “Armeconombank’s cooperation with Telcell CJSC has a long-term mutually beneficial nature. Based on the successful experience of collaboration and aiming to make banking services available to users of the Telcell Wallet application, the idea of a co-brand card was born, the platform of which will be the basis for the introduction and development of other financial services (for example, credit products, access to new solutions for transfers, etc.) Arman Grigoryan, head of the Telcell CJSC Financial Partnership Department of CJSC, noted t...