Like many tech companies, Bolt is looking to join the crypto market after sensing that virtual trading is gaining in importance globally. According to a recent announcement, payments-focused fintech startup Bolt Financial has invested $1.5 million in an altcoin project.
Bolt Financial acquires Wyre Payments for $1.5 million
Bolt turned to NFTs to meet market demand. According to reports, the company will offer its services through Wyre, which stands out as a platform for crypto payments and API development. The announcement indicates that the merger between the companies will take place by 2022, although the exact date is not specified.
Among other details, Bolt offers its crypto services with CheckoutOS, which corresponds to a fast compensation system that prevents digital theft. This is a partnership crypto users need, considering that scams increase as adoption deepens. The collaboration will also enable new crypto and NFT buyers to use a secure, accessible and modern system. According to various American newspapers, the technology company in Estonia was to invest approximately $1,500 million in the company. However, an official statement regarding the contract between the companies has not been approved yet.
Bolt prioritizes altcoin payments
Following the partnership, Bolt makes the altcoin market and NFTs even more convenient by allowing customers to transact with the most suitable token to pay for their products. But the leading technology company will allow people to acquire NFTs with Wyre’s proprietary application programming interface. The CEO of the tech company says that this partnership fulfills their desire to explore the entire crypto industry.
With the latest agreement, which we quoted asKriptokoin.com, the crypto and NFT market gained strength in Europe and became a priority among thousands of citizens. The tech company is expected to launch pilot tests later in the year, followed by announcing the official launch of the crypto service. Wyre will provide full support to its new partner to ensure an enjoyable experience during their new development. Eventually, Wyre will also release new APIs associated with targets. Bolt is searching in the crypto space.
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