Exodus announced the acquisition of W3C Corp, the parent entity of Monavate and Baanx, leading to a strategic move into on-chain payments.
The acquisition aims to establish Exodus as a self-custodial wallet controlling end-to-end payments experience, from wallets to cards.
This transaction positions Exodus to issue payment cards via networks like Visa, Mastercard, and Discover, enhancing its geographical reach and product offerings.
On-Chain Payments Giant
Exodus aims to control the full payments infrastructure, reducing dependence on third-party providers and supporting a wider range of assets.
Stablecoin Payment Demand
Exodus anticipates benefiting from stablecoin payment volume growth, especially in the B2B payments segment.
Diversified Revenue Streams
The acquisition is expected to diversify revenue streams through interchange, processing, and program fees, aligning with the everyday use of digital dollars.
- The acquisition will enable Exodus to offer more payment stablecoins, catering to increasing consumer demand.
- Exodus anticipates a steady revenue stream from interchange, processing, and program fees, aligning with the stable and growing digital payment market.
The agreement to acquire W3C Corp marks a significant milestone for Exodus, propelling the company into the on-chain payments industry. This strategic move sets the stage for enhanced product offerings and geographical expansion.