Finance
What to know:
- Exodus Movement, that audacious crypto wallet firm, has swooped in like a hawk to acquire Grateful, a Uruguayan startup, in a bid to conquer the Latin American market. 🌎💼
- Grateful’s software, a marvel of modern ingenuity, allows merchants to accept stablecoins with such ease-wallet-to-wallet payments, QR checkouts, and more-that one might mistake it for sorcery. 🧙♂️✨
- This acquisition, my dear reader, aligns with the grand prophecy of stablecoins reaching a staggering $1 trillion in annual transactions by 2030. A veritable gold rush, sans the gold! 💰🚀
Ah, the theater of finance! Exodus Movement (EXOD), a publicly-traded crypto wallet firm with ambitions as vast as the Russian steppe, announced on Monday its acquisition of Grateful, a startup from the quaint lands of Uruguay. Their mission? To weave the threads of stablecoin payments into the vibrant tapestry of Latin American commerce. 🧵🎨
Exodus CEO JP Richardson, with a flourish worthy of a Tolstoy protagonist, declared in a press release that this move aims to deepen their foothold among gig workers and small businesses-those tireless souls seeking swifter, thriftier payment methods. 🏃♂️💨
Grateful’s software, a treasure trove of tools, permits merchants to accept stablecoins through wallet-to-wallet payments, QR point-of-sale checkouts, and onchain invoicing. A dashboard, as if plucked from the dreams of a bureaucrat, manages transactions and converts crypto into local currencies. Exodus, ever the strategist, plans to integrate these features into its self-custodial wallet system, which supports blockchains like Solana. 🛠️🔗
On Monday, Exodus shares rose 5%, a modest triumph amidst the broader rebound of digital asset stocks. Bitcoin and its kin, ever fickle, had gained over the weekend. 📈🤑
This acquisition joins a growing chorus of crypto M&A deals, each striving to erect the pillars of blockchain payment infrastructure. Stripe, that payments behemoth, acquired Bridge and Privy to fortify its crypto payment arsenal. The XDC Network, not to be outdone, purchased Contour to fashion a blockchain platform for stablecoin-based trade finance. Stablecoin volume, they say, could reach $1 trillion annually by decade’s end-a sum so vast it boggles the mind! 🌪️💸
“Grateful is a natural complement to our endeavors in Latin America,” Richardson remarked, his tone tinged with the satisfaction of a chess master. “The gig and creator economy, burgeoning in emerging markets, demands tools like invoicing, recurring payments, and on-chain settlements. Stablecoins, my friends, are the answer.” 🛠️🔧
Earlier this year, Exodus unveiled a Mastercard crypto debit card with Baanx, allowing customers to pay with USDT and other stablecoins. Progress, it seems, marches on-whether we are ready or not. 🚀💳
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2025-11-10 21:52