Bolt has acquired Wyre in a deal valued at around 1.5 billion dollars.
“Bolt and Wyre plan to close the transaction and fully integrate before the end of the year, and once complete, the acquisition will bring the power of Bolt’s CheckoutOS—one-click checkout, authentication, payments, and fraud protection—to the cryptocurrency ecosystem,” the firms said in a press statement shared with The Block.
The latest intersection of the space and the industry is highlighted by the news. The acquisition deal was first reported by the Wall Street Journal on Thursday morning.
“This acquisition will fast-track our efforts to democratize commerce—and it will serve as a powerful proof point for the union of cryptocurrency and commerce,” Ryan Breslow, Bolt’s founder and chairman.
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