{"id":17808,"date":"2023-02-18T12:01:11","date_gmt":"2023-02-18T12:01:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nigerian-crypto-payment-gateway-fluidcoins-acquired-by-seychelles-based-crypto-exchange-africa-bitcoin-news\/"},"modified":"2023-02-18T12:01:11","modified_gmt":"2023-02-18T12:01:11","slug":"nigerian-crypto-payment-gateway-fluidcoins-acquired-by-seychelles-based-crypto-exchange-africa-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nigerian-crypto-payment-gateway-fluidcoins-acquired-by-seychelles-based-crypto-exchange-africa-bitcoin-news\/","title":{"rendered":"Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange \u2013 Africa Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former\u2019s CEO Lanre Adenowo described as an \u201cacquihire deal.\u201d Blockfinex reportedly said it will leverage the acquisition to launch its own platform known as Blockpay.<\/strong><\/p>\n

Scaling Blockfinex\u2019s Crypto Payment Processing Business<\/h2>\n

The Nigerian crypto payment gateway, Fluidcoins, was recently acquired for an undisclosed sum by the Seychelles-registered crypto exchange company Blockfinex. According to a Techcabal report<\/a>, Blockfinex\u2019s acquisition of a 100% stake in the Nigerian firm came some 18 months after Fluidcoins\u2019 last capital raise of $150,000.<\/p>\n

Commenting on the acquisition that was facilitated by Dan Holdings Limited, Blockfinex founder and CEO Danny Oyekan reportedly said:<\/p>\n

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This acquisition was driven by a decision to venture into wallet as a service business and crypto payment processing and scale it across the world.<\/p>\n<\/blockquote>\n

Blockfinex reportedly said it will leverage the acquisition to launch its own platform known as Blockpay. Besides being a payment processor and application programming interface (API) wallet-as-a-service provider, Blockpay will facilitate payments for Fluidcoins\u2019 existing clients such as Accrue, The Peer, and Getequity, the report added.<\/p>\n

Meanwhile, Fluidcoins CEO Lanre Adenowo is quoted describing his firm\u2019s reported acquisition by Blockfinex as an \u201cacquihire deal\u201d that will not result in management or staff changes. The deal nonetheless allows Fluidcoins to keep operating.<\/p>\n

According to the report, the acquisition deal includes all of the Nigerian crypto payment gateway\u2019s entities including Flip and Fluidshops.<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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