The $1.5 billion deal between payments-focused fintech firm Bolt Financial and Wyre Payments was shelved as a result of mutual decision.
Wyre Payments shareholder Ether Capital According to a press release by the payment firm Bolt Financial‘of San Francisco based blockchain based payment company Wyre 1.5 billion an important agreement that will enable him to buy for $ shelved.
In place of that canceled deal, Bolt announced that it would reach a different and lower-budget agreement for Wyre’s “one-click solution” implementation. However, Ether Capital does not operate on Wyre. will continue to protect its share right.
Wall Street Journal (WSJ) by 7 April Crypto startup Wyre Payments‘s payment company Bolt Financial was announced to be purchased.
It is also known that in 2021, Wyre connected to the Visa network to allow its users to move assets between local currencies and cryptocurrencies.
In the statement, no details were given as to why the companies took this decision.