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Mastercard CEO: Company Acquiring Stablecoin Platform BVNK to Connect Digital Payments Ecosystem
Mastercard CEO Michael Miebach announced that the company is completing its acquisition of BVNK this quarter. BVNK is one of the world's largest stablecoin platforms, and the acquisition aims to connect the fragmented stablecoin and digital payments ecosystems, ensuring interoperability. Miebach also discussed the potential transformative impact of AI shopping agents and machine-to-machine payments on commercial infrastructure, and Mastercard's role as a core connector within it.
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