Coinbase confirms that it called off acquisition talks with UK-based stablecoin infrastructure startup BVNK; a report had put the deal price at $1.5B to $2.5B
but faster, open, global rails. Lightning, Base, or something new? The smart money's picking its horse. Garrett Skrovina / @gskrovina : Coinbase reportedly walking away from BVNK acquistion is interesting. Wonder what happened? Feels like Visa or Citi would be likely candidates to swoop in here if BVNK does end up getting acquired - Stripe owns Bridge ($1.1B) - Mastercard chasing Zerohash ($1.5-2B) - BVNK Simon Taylor / @sytaylor : WOW! Coinbase walks from $2bn deal for BVNK. Does this open the door for someone else? The deal got to exclusivity in October. Due diligence was underway. Price was nearly 2x what Stripe paid for Bridge. Then Coinbase killed it. — Who might swoop? Mastercard - Already in [image]