Bolt, a leading US online and e-commerce checkout company, announced that it is not going ahead with its $1.5 billion deal to buy crypto infrastructure provider Wyre. The company announced in April that it would purchase Wyre in light of increased demand from consumers to use cryptocurrencies to pay for goods and services, as well as the potential of Web3. Following the acquisition, both businesses were expected to develop e-commerce solutions for the widespread adoption of secure cryptocurrencies by millions of consumers, merchants, and developers.
Bolt Scraps $1.5B Deal To Acquire Crypto Company Wyre – Benzinga
