Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange – Africa Bitcoin News


The Nigerian crypto fee gateway Fluidcoins was just lately purchased for an undisclosed sum by Blockfinex, in a deal which the previous’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex reportedly stated it should leverage the acquisition to launch its personal platform referred to as Blockpay.

Scaling Blockfinex’s Crypto Fee Processing Enterprise

The Nigerian crypto fee gateway, Fluidcoins, was just lately acquired for an undisclosed sum by the Seychelles-registered crypto trade firm Blockfinex. In response to a Techcabal report, Blockfinex’s acquisition of a 100% stake within the Nigerian agency got here some 18 months after Fluidcoins’ final capital increase of $150,000.

Commenting on the acquisition that was facilitated by Dan Holdings Restricted, Blockfinex founder and CEO Danny Oyekan reportedly stated:

This acquisition was pushed by a choice to enterprise into pockets as a service enterprise and crypto fee processing and scale it internationally.

Blockfinex reportedly stated it should leverage the acquisition to launch its personal platform referred to as Blockpay. In addition to being a fee processor and software programming interface (API) wallet-as-a-service supplier, Blockpay will facilitate funds for Fluidcoins’ current purchasers reminiscent of Accrue, The Peer, and Getequity, the report added.

In the meantime, Fluidcoins CEO Lanre Adenowo is quoted describing his agency’s reported acquisition by Blockfinex as an “acquihire deal” that won’t end in administration or employees adjustments. The deal nonetheless permits Fluidcoins to maintain working.

In response to the report, the acquisition deal consists of the entire Nigerian crypto fee gateway’s entities together with Flip and Fluidshops.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African nations in addition to how digital currencies can present Africans with an escape route.

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