Reading Time: < 1 minute

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.”

Kratika is Global Crypto's Admin Assistant. She has extensive experience working for top tech firms from around the world, and has a wealth of knowledge in the FinTech industry.