Citing Coindesk, Exodus, a publicly-traded crypto wallet firm, announced on Monday its acquisition of Uruguay-based Grateful, a startup offering stablecoin-based payment solutions for merchants. The move aims to expand Exodus' presence in Latin America and enhance its commerce capabilities, particularly for gig workers and small businesses. Grateful’s tools include wallet-to-wallet payments, QR point-of-sale checkout, and onchain invoicing, which Exodus plans to integrate into its self-custodial wallet system. The acquisition aligns with a broader trend of crypto M&A focused on building blockchain-based payments infrastructure, as stablecoin usage for global transactions is projected to reach $1 trillion annually by the end of the decade.
Exodus Acquires Grateful to Expand Stablecoin Payments in Latin America
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