Exodus Purchases W3C to Connect Cryptocurrency Assets with Daily Expenditures
- Exodus Movement Inc. agreed to acquire W3C Corp for $175M to integrate card/payment processing into its crypto wallet platform, enabling stablecoin transactions via Visa , Mastercard , and Discover. - The deal aims to create an end-to-end on-chain payment ecosystem by reducing third-party reliance and generating recurring revenue from interchange fees, supported by Exodus's Bitcoin-backed financing. - Projected to close in 2026 after U.S./U.K./EU regulatory approvals, the acquisition follows Exodus's sta
Exodus Movement Inc. (EXOD) has
JP Richardson, CEO of Exodus, highlighted that this step is intended to connect crypto storage with everyday transactions,
Exodus Movement Inc.'s foray into card and payment processing marks a significant leap toward a unified on-chain financial platform. Integrating Baanx and Monavate will embed these services directly into Exodus, reducing the need for external partners and expanding the company’s revenue streams.
This transaction highlights
Shares of Exodus climbed 4% after hours to $15.18 following the news, though the stock is still down 51% for the year. Earlier, the share price had
Regulatory oversight and technical integration hurdles remain significant challenges. The acquisition must comply with regulations across several regions, and
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