Digital asset custody platform Fireblocks Acquired First Digital, a stablecoin and digital asset payment platform, with the goal of expanding payment capabilities for the industry.
fireblocks and FirstDigital by February 16 The acquisition, announced on will expand existing payment capabilities and allow payment service providers to accept crypto payments will allow. Also the process of Fireblocks in the spring of 2022 USDC like other stablecoinand celo as cryptocurrencies will help it expand its support for business-to-consumer payments using
While the parties do not share the financial details of the realized sale, ReutersAccording to the news of the two sources close to the deal, the acquisition 100 million dollars Said it was worth it.
of the two companies 2019 from the year since various use cases related to payments over working together stating that the agreement it is natural CEO of Fireblocks Michael Shaulov in his interview;
Our acquisition of First Digital will bring us comprehensive leadership, knowledge and a great product in the payments space. I think especially the product they put on the market is very suitable for the mass market.
made statements.
Shaulov is also in First Digital’s Fireblocks focused entirely on payments, customers to accept various cryptocurrencies and enabling them to send He said he would also start a business unit.
fireblocks, January in its last funding round in 8 billion dollars with valuation 550 million dollars had collected.
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