Kraken is heavily betting on stablecoin payments 👀 According to Bloomberg, Payward Inc. — Kraken's parent company — has reached an agreement to acquire the Hong Kong-based fintech Reap Technologies for around $600 million. Reap specializes in cross-border payments and business solutions based on stablecoins, as well as providing the infrastructure behind many "U card" cryptocurrencies.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.