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…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.