PANews reported on November 25th that, according to CoinDesk, cryptocurrency wallet company Exodus Movement (NYSE American: EXOD) is acquiring W3C Corp, the parent company of cryptocurrency card and payment companies Baanx and Monavate, for $175 million. The deal is funded by the company's existing cash and financing provided by Galaxy Digital, using Exodus's Bitcoin holdings as collateral. Baanx and Monavate have been working with institutions such as Visa, Mastercard, and MetaMask to develop cryptocurrency cards and user-controlled Web3 payment services. Overall, this transaction will make Exodus one of the few self-custody wallet providers capable of controlling the entire payment experience from wallet to card. Exodus stated that it will take over the underlying card and payment technology stack, enabling it to issue payment cards through networks such as Visa, Mastercard, and Discover. It will also expand its operations to the US, UK, and EU to support new products and partnerships. Exodus further stated that this infrastructure is expected to enhance the capabilities of enterprise clients whose customers transact through Exodus' XO Swap application. The transaction is subject to standard adjustments and approval processes and is expected to close in 2026.PANews reported on November 25th that, according to CoinDesk, cryptocurrency wallet company Exodus Movement (NYSE American: EXOD) is acquiring W3C Corp, the parent company of cryptocurrency card and payment companies Baanx and Monavate, for $175 million. The deal is funded by the company's existing cash and financing provided by Galaxy Digital, using Exodus's Bitcoin holdings as collateral. Baanx and Monavate have been working with institutions such as Visa, Mastercard, and MetaMask to develop cryptocurrency cards and user-controlled Web3 payment services. Overall, this transaction will make Exodus one of the few self-custody wallet providers capable of controlling the entire payment experience from wallet to card. Exodus stated that it will take over the underlying card and payment technology stack, enabling it to issue payment cards through networks such as Visa, Mastercard, and Discover. It will also expand its operations to the US, UK, and EU to support new products and partnerships. Exodus further stated that this infrastructure is expected to enhance the capabilities of enterprise clients whose customers transact through Exodus' XO Swap application. The transaction is subject to standard adjustments and approval processes and is expected to close in 2026.
Exodus will acquire W3C Corp, the parent company of Baanx and Monavate, for $175 million.
PANews reported on November 25th that, according to CoinDesk, cryptocurrency wallet company Exodus Movement (NYSE American: EXOD) is acquiring W3C Corp, the parent company of cryptocurrency card and payment companies Baanx and Monavate, for $175 million. The deal is funded by the company's existing cash and financing provided by Galaxy Digital, using Exodus's Bitcoin holdings as collateral. Baanx and Monavate have been working with institutions such as Visa, Mastercard, and MetaMask to develop cryptocurrency cards and user-controlled Web3 payment services. Overall, this transaction will make Exodus one of the few self-custody wallet providers capable of controlling the entire payment experience from wallet to card.
Exodus stated that it will take over the underlying card and payment technology stack, enabling it to issue payment cards through networks such as Visa, Mastercard, and Discover. It will also expand its operations to the US, UK, and EU to support new products and partnerships. Exodus further stated that this infrastructure is expected to enhance the capabilities of enterprise clients whose customers transact through Exodus' XO Swap application. The transaction is subject to standard adjustments and approval processes and is expected to close in 2026.
Market Opportunity
Ambire Wallet Price(WALLET)
$0.00811
$0.00811$0.00811
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Pi Network Officially Enters Open Mainnet Phase III, A New Era of Crypto and Web3 Begins
Pi Network has once again captured global crypto attention following the official announcement of its transition into Open Mainnet Phase III. This milestone re
Share
Hokanews2026/02/13 12:41
Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth.
The post Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth. appeared on BitcoinEthereumNews.com. SPONSORED POST* As the cryptocurrency market continues its recovery, Ethereum has once again become the center of attention for investors. Recently, the well-known crypto mining platform LgMining predicted that Ethereum may surpass its previous all-time high and surge past $5,000. In light of this rare market opportunity, choosing a high-efficiency, secure, and low-cost mining platform has become the top priority for many investors. With its cutting-edge hardware, intelligent technology, and low-cost renewable energy advantages, LgMining Cloud Mining is rapidly emerging as a leader in the cloud mining industry. Ethereum: The Driving Force of the Crypto Market Ethereum is not only the second-largest cryptocurrency by market capitalization but also the backbone of the blockchain smart contract ecosystem. From DeFi (Decentralized Finance) to NFTs (Non-Fungible Tokens) and the broader Web3.0 infrastructure, most innovations are built on Ethereum. This widespread utility gives Ethereum tremendous growth potential. With the upcoming scalability upgrades, the Ethereum network is expected to offer improved performance and transaction speed—likely triggering a fresh wave of market enthusiasm. According to the LgMining research team, Ethereum’s share among institutional and retail investors continues to grow. Combined with shifting monetary policies and global economic uncertainties, Ethereum is expected to break past its previous high of over $4,000 and aim for $5,000 or more in the coming months. LgMining Cloud Mining: Unlocking a Low-Barrier Path to Wealth Traditional crypto mining often requires expensive mining rigs, stable electricity, and complex maintenance—making it inaccessible for the average person. LgMining Cloud Mining breaks down these barriers, allowing anyone to easily participate in mining Ethereum and Bitcoin without owning hardware. LgMining builds its robust and efficient mining infrastructure around three core advantages: 1. High-End Equipment LgMining uses top-tier mining hardware with exceptional computing power and reliability. The platform’s ASIC and GPU miners are carefully selected and tested to…
Share
BitcoinEthereumNews2025/09/18 03:04
Solar and Internet from Space: The Future of Global Connectivity and Energy Supply
Quiptik broke his promise to post weekly articles on HackerNoon. He was unable to access the internet and electricity in his home country for some reasons. Until we fix power and internet access, many voices will keep going unheard.
Share
Hackernoon2025/09/18 14:47