2 years ago
The Nigerian crypto outgo gateway Fluidcoins was precocious bought for an undisclosed sum by Blockfinex, successful a woody which the former’s CEO Lanre Adenowo described arsenic an “acquihire deal.” Blockfinex reportedly said it volition leverage the acquisition to motorboat its ain level known arsenic Blockpay.
Scaling Blockfinex’s Crypto Payment Processing Business
The Nigerian crypto outgo gateway, Fluidcoins, was precocious acquired for an undisclosed sum by the Seychelles-registered crypto speech institution Blockfinex. According to a Techcabal report, Blockfinex’s acquisition of a 100% involvement successful the Nigerian steadfast came immoderate 18 months aft Fluidcoins’ past superior rise of $150,000.
Commenting connected the acquisition that was facilitated by Dan Holdings Limited, Blockfinex laminitis and CEO Danny Oyekan reportedly said:
This acquisition was driven by a determination to task into wallet arsenic a work concern and crypto outgo processing and standard it crossed the world.
Blockfinex reportedly said it volition leverage the acquisition to motorboat its ain level known arsenic Blockpay. Besides being a outgo processor and exertion programming interface (API) wallet-as-a-service provider, Blockpay volition facilitate payments for Fluidcoins’ existing clients specified arsenic Accrue, The Peer, and Getequity, the study added.
Meanwhile, Fluidcoins CEO Lanre Adenowo is quoted describing his firm’s reported acquisition by Blockfinex arsenic an “acquihire deal” that volition not effect successful absorption oregon unit changes. The woody nevertheless allows Fluidcoins to support operating.
According to the report, the acquisition woody includes each of the Nigerian crypto outgo gateway’s entities including Flip and Fluidshops.
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Terence Zimwara
Terence Zimwara is simply a Zimbabwe award-winning journalist, writer and writer. He has written extensively astir the economical troubles of immoderate African countries arsenic good arsenic however integer currencies tin supply Africans with an flight route.
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