HAYVN Expresses Interest In Acquiring Doomed FTX's Payments Business FTX Pay
UAE - November 25, 2022 (Investorideas.com Newswire) HAYVN, the global institutional digital currency platform announced today that it is considering a formal bid for the acquisition of the Payments business of collapsed cryptocurrency exchange FTX.
It has been reported that FTX will attempt to sell or reorganise many of its business, and it is the FTX Pay business that is appealing to HAYVN as a bolt-on to its increasingly dominant HAYVN Pay infrastructure. HAYVN Pay, a regulated financial network for blockchain based currencies, announced earlier this week a strategic partnership with WooCommerce, the leading open source, ecommerce platform. The agreement makes HAYVN PAY available via a plug-in, giving HAYVN Pay access to WooCommerce merchants globally.
Christopher Flinos, Chief Executive Officer at HAYVN said "We are pleased to learn that some of the FTX business have solvent balance sheets, responsible management, and valuable franchises. Our goal is to ensure that within two years, 75% of the world's e-commerce and point-of-sale transactions have a cryptocurrency payment option available for the customer. Acquiring FTX Pay will help solidify our position as the global leader in cryptocurrency payment solutions."
Flinos continued, "We are open to a discussion with their bankers Perella Weinberg as soon as they have the courts approval to proceed. We will continue to grow our HAYVN Pay business both organically and through acquisition."
About Us
HAYVN is a digital asset focused financial institution delivering Payments, Trading, Custody,
Asset Management and Research to our global client base. Regulated by the ADGM, FINMA, BVI, Austrac and the CIMA, HAYVN is one of the global leaders in institutional cryptocurrency, serving HNW individuals, small and middle-market businesses, corporations and institutions with a full range
of trading, payments, custody, asset management and research products and services.
To learn more about HAYVN please visit us at www.hayvnglobal.com
For more information contact: media@hayvnglobal.com
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
