Exodus to Expand Onchain Payments with $175M Acquisition Funded by Bitcoin Holdings
Crypto wallet provider Exodus is set to acquire W3C Corp, parent company of payment infrastructure firms Monavate and Baanx, for $175 million. This strategic move aims to create a vertically integrated onchain payment ecosystem, allowing Exodus to manage custody, card issuance, and processing.
The acquisition is financed by Exodus's cash reserves and a loan secured by its Bitcoin holdings. This expansion aligns with broader industry trends as major networks like Visa and Swift explore blockchain and stablecoin integration for payments.


Cryptovka
Exodus Taps Bitcoin Holdings to Fund $175M Onchain Payments Expansion
Exodus, a prominent crypto wallet provider, is set to make a significant strategic shift into onchain payments by leveraging its Bitcoin (BTC) rese...








