{"id":59759,"date":"2022-04-07T15:01:59","date_gmt":"2022-04-07T12:01:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59759"},"modified":"2025-09-04T23:41:13","modified_gmt":"2025-09-04T20:41:13","slug":"bolt-signs-deal-to-acquire-blockchain-startup-wyre-for-1-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bolt-signs-deal-to-acquire-blockchain-startup-wyre-for-1-5-billion\/","title":{"rendered":"Bolt signs deal to acquire blockchain startup Wyre for $1.5 billion"},"content":{"rendered":"<p>The fintech company Bolt Financial Inc. will acquire the payments blockchain startup Wyre Payments; the deal is valued at about $1.5 billion, according to <a href=\\\"https:\/\/www.wsj.com\/articles\/crypto-startup-wyre-being-acquired-by-payments-company-bolt-for-1-5-billion-11649325602?siteid=yhoof2\\\">The Wall<\/a> <a href=\\\"https:\/\/www.wsj.com\/articles\/crypto-startup-wyre-being-acquired-by-payments-company-bolt-for-1-5-billion-11649325602?siteid=yhoof2\\\">Street Journal<\/a>. The parties confirmed the publication&#8217;s report.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Thrilled to share that <a href=\\\"https:\/\/twitter.com\/bolt?ref_src=twsrc%5Etfw\\\">@bolt<\/a> will acquire <a href=\\\"https:\/\/twitter.com\/sendwyre?ref_src=twsrc%5Etfw\\\">@sendwyre<\/a>, a disruptive cryptocurrency infrastructure provider. Together, we\u2019ll be powering the industry\u2019s first one-click cryptocurrency checkout. \u26a1\ufe0f\ud83d\udd11<\/p>\n<p>As seen in <a href=\\\"https:\/\/twitter.com\/WSJ?ref_src=twsrc%5Etfw\\\">@wsj<\/a>\ud83d\udc47<a href=\\\"https:\/\/t.co\/LjtqSuMwxB\\\">https:\/\/t.co\/LjtqSuMwxB<\/a><\/p>\n<p>\u2014 Bolt (@bolt) <a href=\\\"https:\/\/twitter.com\/bolt\/status\/1512013875419488259?ref_src=twsrc%5Etfw\\\">April 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>According to WSJ, the planned acquisition would be the largest in crypto industry history that has taken place without the involvement of <span data-descr=\\\"special purpose acquisition company; a SPAC\\\" class=\\\"old_tooltip\\\">SPAC<\/span>. In May 2021, the cryptocurrency bank <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-to-acquire-bitgo-custodian-for-about-1-2-billion\">Galaxy Digital<\/a> acquired the custodian provider BitGo for $1.2 billion.<\/p>\n<p>\\n\\n<\/p>\n<p>Founded in 2014, Bolt Financial offers merchants one-click checkout services. The Wyre deal will allow the company to enter the cryptocurrency payments market.<\/p>\n<p>\\n\\n<\/p>\n<p>Wyre operates a payment blockchain platform. Its API and crypto-fiat gateways enable clients to interact with digital assets. The startup <a href=\\\"https:\/\/www.sendwyre.com\/about\\\">foresees<\/a> that by 2025 roughly a million developers will interact with its infrastructure.<\/p>\n<p>\\n\\n<\/p>\n<p>According to WSJ, Wyre also holds a license to conduct money transfers in 27 U.S. states.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in January 2021, the <a href=\"https:\/\/u1f987.com\/en\/news\/stellar-development-foundation-invests-5-million-in-wyre-a-blockchain-payments-company\">Stellar Development Foundation<\/a> invested $5 million in Wyre to expand its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech company Bolt Financial Inc. will acquire the payments blockchain startup Wyre Payments; the deal is worth about $1.5 billion, according to The Wall Street Journal. The parties confirmed the report.<\/p>\n","protected":false},"author":1,"featured_media":59760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1235,2089],"class_list":["post-59759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mergers-and-acquisitions","tag-wyre"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59759"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59759\/revisions"}],"predecessor-version":[{"id":59761,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59759\/revisions\/59761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59760"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}