Payment company Bolt's plan to acquire cryptocurrency payment provider Wyre for $1.5 billion has failed, and both parties will continue to operate independently while maintaining their collaboration

Chain Catcher news, due to investors' cautious attitude towards its business model and the valuation after the stock market crash, the one-click payment company Bolt's plan to acquire the cryptocurrency payment provider Wyre for $1.5 billion has been declared a failure, and both parties will continue to cooperate while remaining independent.

Previously, Chain Catcher reported on April 7 that the financial payment company Bolt Financial was acquiring the cryptocurrency payment service company Wyre Payments for approximately $1.5 billion. According to research firm Dealogic, this would make it the largest merger deal in the cryptocurrency sector not involving a special purpose acquisition company (SPAC). (Source link)