Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt Financial, a U.S. technology company headquartered in San Francisco, said Friday it had scrapped a deal to buy crypto infrastructure provider Wyre Payments, Reuters reported on Saturday. A definitive agreement to acquire Wyre for a reported $1.5 billion was announced by the e-commerce platform....
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On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments and Checkout Firm Bolt Acquires Wyre The e-commerce platform Bolt has revealed a definitive agreement to acquire Wyre, according to the company’s press statements published on Thursday. According to the Wall Street Journal (WSJ), the deal was one of the largest crypto firm acquisitions in....
Bolt expects to integrate its checkout system with cryptocurrencies by the end of 2022, allowing consumers to buy physical goods with crypto. San Francisco-based e-commerce startup Bolt is moving into cryptocurrencies and nonfungible tokens (NFTs) by acquiring fiat-to-crypto and payment infrastructure firm Wyre.According to a joint announcement on Thursday, Bolt has reached definitive agreement to acquire Wyre, aiming to close the deal later in 2022.According to a report by The Wall Street Journal, the acquisition cost Bolt $1.5 billion. Bolt did not directly confirm or deny on the size of....
A Wyre integration will introduce a variety of APIs that can be used by financial apps on the Stellar network.
San Francisco-based bitcoin startup Wyre has raised $5.8m in new funding. The Series A round, which coincides with the stealth startup’s official launch, was led by Chinese venture firm Amphora Capital. Other investors include Chinese payments firms Baofoo.com and 9fBank, Draper Associates and Digital Currency Group. Wyre said it has raised $7.5m to date. The startup’s main focus is cross-border payments, with a particular emphasis on those sent between China and the US. Wyre uses bitcoin (as well as other blockchains like ethereum and litecoin, among others) to settle transactions, acting....
On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours Non-fungible token (NFT) assets have been a hot topic all year long and the trend has continued strong toward the end of 2021. This year well known firms and exchanges like Crypto.com, FTX, and Coinbase have launched NFT marketplaces. Creators have also leveraged markets like Makersplace,....