The deal was considered one of the largest crypto business acquisitions this year. After a funding round in January, Bolt was last valued at $11 billion. The report notes, however, that high tech valuations have since come under increased pressure as investor sentiment was hit by recession fears and negative developments in the equity markets.
Payments processor Stripe and fintech Klarna Bank have also taken significant valuation cuts, Reuters pointed out. Industry valuations have dropped significantly in the crypto sector as well during the market slump in the past months. In a released statement, Bolt emphasized it will continue its partnership with Wyre. The online checkout firm elaborated that remaining independent would allow it to focus on its core areas of business. Company CEO Maju Kuruvilla was quoted as stating:
We will continue our existing commercial partnership with Wyre to pave the path of crypto integration into our ecosystem, bringing Wyre’s innovative crypto infrastructure to the world. Wyre offers blockchain-connected payment APIs and fiat-to-crypto onramps, foreign exchange, and cryptocurrency liquidity to users of various crypto projects. It was established in 2013 and like Bolt, which was founded a year later, is headquartered in San Francisco.
interesting news, these deals reminded me of IguVerse and their productive cooperation with other projects, by the way, they have an NFT blockchain game coming out soon, where you can make unique NFTs with your pets
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bolt x volt sounds like a better ring to it boltapp x VoltInuOfficial
I love it
Of course, this is a classy thing that has a brilliant future and you are very smart. Keep making these videos
🚀 Thnks a millon
thiss is great and everyone should benefit from it?
Whyy is the media keepingg thiss a secrett?
Awesome and useful clip, thank you for this valuable work?
🚀 Thnks a millon.
I'm shocked because there is such a video on the internet?..?.
I was very happy with this wonderful and useful clip. Thank you?
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God bless you for these wonderful videos and you are very smart. Thank you
Aint you surprised thatt nobodyyy is talking about thiss?
So people are making free money off uniswap and you won't mention it?
Please tell me Wyre is not Wire, otherwise it would be a wrecked deal
Why is nooboody talking aboout this?
How come no onee is talkingg about this
Crazy returns in airdrop now 🎁
🚀 Thnks a millon.
Whyy is the media silentt about thiss?
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