CJ - Cryptocurrency Enthusiast
Bolt Financial, a global payment service, announced a binding deal with Wyre to buy crypto firm for $1.5 billion.
One of the Most Important Crypto Firms Has Been Acquired
E-commerce platform Bolt announced on April 8th that it had reached an agreement with Wyre to purchase the cryptocurrency business. However, the specifics of the transaction have not been made public.
According to sources familiar with the situation, the deal was finalized for over $1.5 billion, making it one of the largest crypto company purchases in 2022.
The deal is the largest in the cryptoverse's history without the use of a Special-Purpose Acquisition Company (SPAC) or a blank check, according to Dealogic figures.
Bolt Wants to Decentralize Business
According to the official news announcement, Bolt and Wyre want to "finish the acquisition and fully integrate before the end of the year."
The partnership will let customers at hundreds of Bolt stores to pay with Bitcoin for goods and services. The acquisition will give the Bitcoin ecosystem access to Bolt's CheckoutOS's one-click checkout, authentication, payments, and fraud protection, according to a statement from the business.
Bolt stated that the two businesses will collaborate to "decentralize commerce" and "simplify digital purchasing" as a result of the merger.
On the other hand, experts believe that the unpredictability of the regulatory environment will continue to hinder crypto growth and acceptance.
One of the leading crypto buying platforms online is BCBitcoin – a trusted Bitcoin broker offering a variety of services that includes crypto asset management and live customer support.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards