Mastercard-Backed BVNK Adds Stellar Payments Rail for Enterprise Customers

BVNK, now owned by Mastercard after their $1.8 billion acquisition, has integrated Stellar into its payments stack for enterprise customers across over 130 countries.

This means businesses can use stablecoins on Stellar through a single API without extra blockchain integrations.

Kim Mescal Julien, Head of Partnerships at BVNK, framed Stellar as 'another efficient, low-cost route to move money globally through a single platform and API.'

Stellar processed $55.6 billion in payment volume last year, according to BVNK and the Stellar Development Foundation, with an average settlement time of five seconds.