Crypto Startup Wyre to Be Bought by Payments Company Bolt for $1.5B

The acquisition would be the largest non-SPAC deal in the crypto industry.

Payments company Bolt agreed to buy crypto startup Wyre for $1.5 billion, according to a Wall Street Journal report Thursday.

The acquisition would be the largest in the crypto industry among those not involving a special purpose acquisition company (SPAC), according to the report, which cited people familiar with the matter.

Wyre is a blockchain-based payments firm that last year connected to the Visa network after joining its Fintech Fast Track Program.

Bolt provides online checkout services and raised $355 million in January giving it an $11 billion valuation.

Source: Crypto Insider