Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Encryption wallet provider Exodus spent $175 million on the acquisition of W3C Corp.

Golden Finance reports that the US-listed encryption wallet provider Exodus Movement (NYSE American: EXOD) announced an acquisition of $175 million for the parent company of the crypto card and payment companies Baanx and Monavate, W3C Corp. Exodus stated that the transaction consists of “self-owned cash and financing provided by Galaxy Digital, secured by Exodus's Bitcoin holdings.” Baanx and Monavate have previously collaborated with companies such as Visa, Mastercard, and MetaMask to develop encryption cards and self-custody Web3 payment services. Exodus pointed out that this acquisition makes it “one of the few self-custody wallets that can control the end-to-end payment experience, from wallet to card integration.”

BTC0.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)