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Home»Fintech»Bolt cans $1.5bn Wyre acquisition
Fintech

Bolt cans $1.5bn Wyre acquisition

September 13, 2022No Comments1 Min Read
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Australian neobank Volt goes to the wall
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On-line checkout firm Bolt has pulled the plug on its $1.5 billion deal to purchase blockchain infrastructure supplier Wyre.

Bolt introduced the acquisition in April, touting its plan to combine Wyre’s APIs, which allow easy and safe crypto to fiat funds, into its platform.

Nonetheless, whereas the 2 firms will proceed to work collectively on bringing crypto to Bolt, the acquisition has been canned.

The transfer comes as Bolt faces as much as the tech shares bonfire. Simply weeks after the Wyre deal was introduced, the checkout decacorn was compelled to put off a 3rd of its workforce, amounting to 250 folks.

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1.5bn Acquisition Bolt cans Wyre
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