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Bolt Axes $1.5B Deal to Buy Crypto Infrastructure Provider Wyre

Wyre will implement its one-click checkout technology on Bolt's customer platform instead.

By Oliver Knight
AccessTimeIconSep 12, 2022 at 12:33 p.m. UTC
Updated May 11, 2023 at 5:41 p.m. UTC
San Fransisco-based Wyre will no longer be acquired by Bolt. (Joonyeop Baek/Unsplash)
San Fransisco-based Wyre will no longer be acquired by Bolt. (Joonyeop Baek/Unsplash)
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A landmark deal that would have seen payments firm Bolt Financial acquire crypto infrastructure provider Wyre for $1.5 billion has been scrapped by mutual agreement, according to a press release from Wyre's minority equity holder Ether Capital.

  • The deal was expected to close before the end of this year. The companies originally agreed to the deal in April.
  • San Fransisco-based Wyre will enter a commercial agreement with Bolt to implement its one-click technology on Bolt's client-facing platform. Wyre's technology allows customers to complete online transactions with one click.
  • In 2021, Wyre connected with the Visa (V) network to allow users to move money between fiat currencies and crypto.
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    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter

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