2 years ago
Payments institution Bolt agreed to bargain crypto startup Wyre for $1.5 billion, according to a Wall Street Journal study Thursday.
The acquisition would beryllium the largest successful the crypto manufacture among those not involving a peculiar intent acquisition institution (SPAC), according to the report, which cited radical acquainted with the matter.
Wyre is simply a blockchain-based payments steadfast that past twelvemonth connected to the Visa web aft joining its Fintech Fast Track Program.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
Sign up for Market Wrap, our regular newsletter explaining what happened contiguous successful crypto markets – and why.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 