E-commerce platform Bolt said the partnership will allow millions of customers to access various digital currencies. The company aims to decentralize commerce – hundreds of retailers will be able to accept crypto-assets for goods and services, as well as purchase non-exchangeable tokens through the Wyre API.
The companies plan to fully complete the integration by the end of this year. According to the Wall Street Journal, the deal was valued at $1.5 billion, but the company itself has not yet disclosed financial details. Bolt CEO Maju Kuruvilla said their customers are extremely interested in innovation, which is why the company made such a large purchase:
“The new acquisition will allow our retailers to conduct cryptocurrency transactions seamlessly and securely, and will also support the NFT infrastructure. Both buyers and sellers will benefit from this transaction”.
Earlier, the Stella Stays hotel chain announced that it would begin accepting cryptocurrency payments in more than 35 digital currencies. According to the hotel founders, accepting cryptocurrency payments is a groundbreaking move that puts them at the forefront of innovation.