Exodus Acquires W3C Corp., Revolutionizing On-Chain Payments with Bitcoin

Crypto wallet provider Exodus has made a strategic move to reshape the landscape of on-chain payments by acquiring W3C Corp., parent company of payment infrastructure providers Monavate and Baanx, in a deal valued at $175 million. Using its Bitcoin reserves and credit facilities, Exodus aims to solidify its position as a comprehensive platform connecting crypto storage with spending via on-chain technology. This acquisition marks a significant shift for the company, allowing it to fully control its payment infrastructure including issuing and processing capabilities.