Cryptocurrency exchange Blockchainfinex has recently acquired Nigerian payment platform Fluidcoins. The amount of the deal was not disclosed, however, it was described as an “acquisition deal” by Fluidcoins’ former CEO Lanre Adenowo.
Increasing Blockchainfinex’s Crypto Payment Processing Activities
Cryptocurrency exchange Blockchainfinex has reportedly acquired Nigerian payment gateway Fluidcoins for an undisclosed amount. The deal, as reported by Techcabal, was facilitated by Dan Holdings Limited and includes 100% share in the Nigerian 18-month-old agency. The final capital increase reportedly stands at $150,000.
Commenting on the acquisition, Blockchainfinex’s Chief Executive Officer and founder Danny Oyekan was quoted as saying:
The acquisition was driven by the decision to enter the wallet-as-a-service and cryptocurrency payment processing business and scale it worldwide.
Blockchainfinex reportedly stated that the acquisition will enable it to launch its own platform, referred to as Blockpay. Apart from being a software-as-a-service provider and payment processor, Blockpay will allow access to funds for current projects. The report also added that the acquisition deal involves all Nigerian crypto payment gateway entities, including Flip and Fluidshops.
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