Exodus makes a $175 million acquisition of payment company W3C: Is self-hosted Wallet going to directly confront traditional payment systems?

Question

【Coin World】Exodus Movement (EXOD) has been quite active lately—they plan to spend $175 million to completely acquire W3C Corp. W3C has two payment companies under it, Monavate and Baanx. If this deal goes through (pending regulatory approval), it would essentially combine Exodus's hosted wallet with W3C's complete payment system from issuing to processing.

In plain terms, it means wanting to create a truly usable on-chain payment platform. To raise this amount of money, D.A. Davidson specifically arranged for $60 million in loan support. Interestingly, this investment bank had previously acted as a merger advisor for W3C, and now it is back to help with the sale, which seems to be quite familiar territory. It looks like the integration drama in the crypto payment sector has just begun.

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FancyResearchLab · Accepted Answer

In theory, it should be feasible, but it&#39;s just another useless innovation; Luban No. 7 is under construction again.

ForkLibertarian · Answer

1.75 billion get dumped, can it really break through the wall between traditional payments and on-chain? I&#39;m a bit skeptical

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With financing and acquisition, the crypto world still loves this money-burning way of doing things

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If this move by Exodus really works, the payment landscape will change, but the risks are also significant

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Self-hosted wallet against traditional payments? Sounds great, but what about actual implementation

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A 60 million loan is needed to support this deal, indicating that this is not so simple

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For encrypted payments to replace traditional systems, acquisitions alone are not enough

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The name W3C is interesting, it might easily get confused with the standards organization

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Starting to play with mergers and acquisitions, is this a sign of recession or an impending explosion? It&#39;s hard to see clearly

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It&#39;s easy to dump money in, but will users really pay? That&#39;s the key

LidoStakeAddict · Answer

170 million get dumped just to create a payment system? Feels a bit unreal, can it really compete with PayPal?

SatoshiSherpa · Answer

175 million get dumped, just to let us buy a cup of coffee on-chain? Alright, I have faith in this tough guy.

Gm_Gn_Merchant · Answer

175 million get dumped, Exodus is serious about doing payments, but doing traditional payments with a hosted wallet... can this route work? I&#39;m a bit skeptical.

TestnetNomad · Answer

175 million to solve traditional payments? A bit optimistic, huh bro?

Is this really a hard push or just gilded?

Wallet + payment system all in one, we need to see if it can actually be used.

Wait, this loan ratio... is it betting on the future of on-chain payments?

Feels like another "big integration" story, I&#39;ve heard too many of those.

Making it work is the key, don&#39;t let it fall apart again.