Exodus don buy W3C for $175M to start on-chain payments
Exodus Movement wey don dey listed for NYSE don agree say dem go buy payment infrastructure company W3C Corp plus e subsidiaries Monavate and Baanx for $175 million. Dis deal use Galaxy Digital credit facility wey e Bitcoin reserves plus cash secure. E still get $58.8 million loan wey dey W3C plus another $10 million wey go help run operations. Dem plan make the acquisition finish for 2026. When this one finish, Exodus go fit issue payment cards through Visa, Mastercard, and Discover networks plus dem go fit integrate on-chain payments directly through e XO Swap aggregator. CFO James Gernetzke dey expect new money wey go come from interchange fees, processing charges and program fees, wey go make Exodus become one-stop platform for crypto storage, card issuance and on-chain payments.
Bullish
Exodus move to finance big acquisition with Bitcoin-backed credit and cash dey show say institutional confidence for BTC dey grow. By join card issuance and on-chain payments for self-custodial wallet, Exodus fit push higher Bitcoin transaction volumes and adoption. This news mean say BTC get expanded real-world utility and revenue potential, wey dey suggest positive momentum and fresh demand among traders, support bullish outlook for both short and long term.