Skip to main content

Public Company TechX Technologies Is Making Significant Acquisitions in the Crypto Industry

TechX Technologies is a publicly traded company headquartered in Vancouver, Canada. TechX is listed on the Canadian Securities Exchange (TECX), Frankfurt Exchange (C0B1), and the OTC (TECXF).

TechX Acquires Mobilum for $16 Million

TechX Technologies Inc. (CSE: TECX) (OTCMKTS: TECFX) (FRA: C0B1) is a public company making waves with its mergers and acquisitions initiatives. The company acquired 100% of the assets of Cryptobuddy and has rebranded it to Alt Signals, a crypto trading signals platform through its subsidiary at an all-stock deal valued at C$5 million.

Shortly after this acquisition, TechX Technologies signed a definitive agreement to acquire a 100% interest in XPort Digital Ltd, a fiat-to-crypto on-ramp platform for users to purchase cryptocurrency without setting up an account. The company acquired XPort through a stock deal valued at C$5 million.

On May 26th, the company announced its acquisition of Mobilum OU, a fintech company that provides fiat infrastructure to the crypto industry. The agreement gives TechX 100% interest in Mobilum. Mobilum has a daily processing volume of between C$100,000 and C$250,000 in transactions for exchanges including the world’s sixth-largest cryptocurrency exchange, KuCoin.

“With very few exchanges offering credit card processing, we’ve seen an exponential increase in demand from exchanges and cryptocurrency businesses to utilize our on-ramp solution. By merging with TechX, Mobilum will be able to increase its liquidity to give us the ability to process millions of dollars in transactions per month,” said Mobilum CEO, Wojtek Kaszycki.

“TechX is very excited about acquiring Mobilum’s innovative technology, which is creating a bridge between fiat and crypto space to speed up cryptocurrency mass adoption worldwide,” said TechX CEO Peter Green. “The rise in decentralized finance applications are growing rapidly and the assets under management within interest-bearing cryptocurrency wallets have exponentially grown in the last year into the multi-billions of dollars. People around the globe are just not satisfied with banks paying out interest under 0.50% anymore. Unbanking is going to become the new norm and we expect to become a key player in this ever-growing market very quickly.”

The move by financial institutions to support cryptocurrency payments provides an easier and safer way for customers to invest and transact using secure digital currencies. You can expect to see more activity in the M&A space in the coming months as more institutions, wallets, exchanges, and DeFi services embrace on and off ramp payment processing technologies.

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.



from Bitcoin News https://ift.tt/3urCyht

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more