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Bolt to add support for crypto transactions via the acquisition of Wyre

The deal is expected to be finalized later this year and is valued at around $1.5 billion.

Photo by Miloslav Hamřík from Pixabay

Mon, 11 Apr 2022, 05:52 am UTC

Bolt Financial Inc. announced that it will acquire the crypto infrastructure payments firm Wyre Payments. The move will allow Bolt to add support for crypto transactions for its checkout services.

“The acquisition, which is anticipated to close later in 2022, comes amid growing demand for purchasing goods and services with cryptocurrency and the opportunity of Web3,” Bolt said in a press release. “By joining forces, Bolt and Wyre will build commerce solutions for mainstream, secure cryptocurrency usage for millions of shoppers, retailers, and developers.”

The transaction is dubbed as one of the largest crypto-industry takeovers that do not involve a special purpose acquisition company (SPAC), according to Coindesk. The deal is expected to be finalized later this year and is valued at around $1.5 billion.

Bolt is a San Francisco-based company that provides online checkout services. The firm recently raised $355 million in a fundraiser that valued the company at $11 billion.

Meanwhile, Wyre is a blockchain-based payments provider and is also based in San Francisco. With the acquisition, Bolt retailers can start to accept crypto as payment for goods and services. Users can also use crypto to purchase non-fungible tokens (NFTs) using Wyre's application programming interfaces (APIs).

“This acquisition is the fulfillment of a long-time ambition,” Bolt founder and executive chairman Ryan Breslow said. “When I wrote the draft business plan for Bolt, I had always imagined cryptocurrency at its center.”

Breslow said that he has been entertaining the idea of integrating crypto into its platform in 2015. Seven years later, it is about to become a reality with Bolt’s acquisition of Wyre.

“This acquisition will pave the way for seamless, secure crypto transactions, and NFT enablement for our retailers,” Bolt CEO Maju Kuruvilla said. “Both consumers and retailers will benefit from a friction-free buying experience that supports crypto and NFT natively. We're also proud to bring Wyre's unparalleled team and its advanced crypto stack into the Bolt ecosystem, and we're excited about our joint mission of bringing crypto mainstream.”

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  • 2022.04.21 06:31:30
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★ THE  SPECIAL SERVICES THEY OFFER ARE:
* RECOVERY OF LOST FUND ON ANY CRYPTO WALLET (ATOMIC WALLET, TRUST WALLET, META MASK WALLET, EXODUS WALLET, COIN BASE, BLOCKCHAIN, BINANCE, ETC)
* RECOVERY OF LOST FUNDS ON BINARY OPTIONS
* Credit Cards Loading ( USA Only )
* BANK Account Loading (USA Banks Only)
* MOBILE SPY
* MOBILE MESSAGE HACK ( SNAPCHAT, INSTAGRAM, SMS, VOICEMAIL CALL RETRIEVE, SPY ANY CHAT APP, CLONING A MOBILE AND HAVE ACCESS TO SMS  AND READ IT ANYTIME )
* TRACK YOUR PARTNER AND GET THEIR LOCATION WITHOUT THEM KNOWING
* WE HAVE THE BEST TECHNICAL HACKING STRATEGIES WHICH SURPASSES ALL OTHER HACKERS

★ You can also contact us for other Cyber Attacks And Hijackings, we do All Hacking Services ★

CONTACT US AT : [email protected]  +1 704-313-9661
  • 0
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  • 0
  • frank4354
  • 2022.04.11 10:53:50
CONTACT THE BEST LOTTERY SPELL CASTER FOR THE RIGHT LOTTERY NUMBERS NOW HIS LOTTERY SPELL IS 100% GUARANTEE His websit obinnaspelltemple.com

Winner of $533 million Mega Millions jackpot Richard Wahl, I want to share my wonderful testimony of how a powerful spell caster called Dr Prince helped me to win lottery, i have been playing lottery for a long time now but I had no luck everything changed when I messaged Dr Prince about winning the lottery he assured me that I will be the next winner he told me what to do and I did it and 24 hours later he sent me the lottery numbers and I played it I couldn't believe it I won $533 million dollars it's was the best thing that have ever happened to me in my life. If you want to win a lottery WhatsApp or Call Dr Prince on this number +18144484537 or email him at [email protected] His website https://obinnaspelltemple.com/
  • 0
  • ·
  • 0
  • frank4354
  • 2022.04.11 10:53:45
CONTACT THE BEST LOTTERY SPELL CASTER FOR THE RIGHT LOTTERY NUMBERS NOW HIS LOTTERY SPELL IS 100% GUARANTEE His websit obinnaspelltemple.com

Winner of $533 million Mega Millions jackpot Richard Wahl, I want to share my wonderful testimony of how a powerful spell caster called Dr Prince helped me to win lottery, i have been playing lottery for a long time now but I had no luck everything changed when I messaged Dr Prince about winning the lottery he assured me that I will be the next winner he told me what to do and I did it and 24 hours later he sent me the lottery numbers and I played it I couldn't believe it I won $533 million dollars it's was the best thing that have ever happened to me in my life. If you want to win a lottery WhatsApp or Call Dr Prince on this number +18144484537 or email him at [email protected] His website https://obinnaspelltemple.com/
  • 0
  • ·
  • 0
  • frank4354
  • 2022.04.11 10:46:58
CONTACT THE BEST LOTTERY SPELL CASTER FOR THE RIGHT LOTTERY NUMBERS NOW HIS LOTTERY SPELL IS 100% GUARANTEE His websit obinnaspelltemple.com

Winner of $533 million Mega Millions jackpot Richard Wahl, I want to share my wonderful testimony of how a powerful spell caster called Dr Prince helped me to win lottery, i have been playing lottery for a long time now but I had no luck everything changed when I messaged Dr Prince about winning the lottery he assured me that I will be the next winner he told me what to do and I did it and 24 hours later he sent me the lottery numbers and I played it I couldn't believe it I won $533 million dollars it's was the best thing that have ever happened to me in my life. If you want to win a lottery WhatsApp or Call Dr Prince on this number +18144484537 or email him at [email protected] His website https://obinnaspelltemple.com/
  • 0
  • ·
  • 0
  • Brooklyn2
  • 2022.04.21 06:31:40
★ SCHWARTZ SOFTWARE HACKING GROUP ★
★ THE  SPECIAL SERVICES THEY OFFER ARE:
* RECOVERY OF LOST FUND ON ANY CRYPTO WALLET (ATOMIC WALLET, TRUST WALLET, META MASK WALLET, EXODUS WALLET, COIN BASE, BLOCKCHAIN, BINANCE, ETC)
* RECOVERY OF LOST FUNDS ON BINARY OPTIONS
* Credit Cards Loading ( USA Only )
* BANK Account Loading (USA Banks Only)
* MOBILE SPY
* MOBILE MESSAGE HACK ( SNAPCHAT, INSTAGRAM, SMS, VOICEMAIL CALL RETRIEVE, SPY ANY CHAT APP, CLONING A MOBILE AND HAVE ACCESS TO SMS  AND READ IT ANYTIME )
* TRACK YOUR PARTNER AND GET THEIR LOCATION WITHOUT THEM KNOWING
* WE HAVE THE BEST TECHNICAL HACKING STRATEGIES WHICH SURPASSES ALL OTHER HACKERS

★ You can also contact us for other Cyber Attacks And Hijackings, we do All Hacking Services ★

CONTACT US AT : [email protected]  +1 704-313-9661
  • 0
  • ·
  • 0
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