Kraken, OK Group, 9fBank and Baofoo are in line to exit Wyre, with its cryptocurrency infrastructure technology to strengthen Bolt's one-click checkout offering.
Online checkout software provider Bolt agreed yesterday to buy US-based cryptocurrency payment technology developer Wyre in a $1.5bn deal that would allow corporates Kraken, OK Group, China 9fBank and Baofoo to exit.
Wyre’s core product is a software tool called Checkout which enables users to switch between fiat and cryptocurrencies, giving crypto-focused applications easier access to ordinary customers.
The acquisition means Bolt will be able to offer cryptocurrency payment options to users as part of its overall offering, transferring its…
