Kraken parent Payward acquires Magic Labs’ wallet business
CoinTelegraph·
60-second summary
Payward, the parent company of Kraken, acquires Magic Labs' wallet business, expanding its enterprise platform capabilities. This deal combines wallet technology, potentially streamlining infrastructure integrations for businesses. The acquisition aims to reduce the number of providers businesses need to integrate with, enhancing efficiency and user experience, benefiting the growing enterprise blockchain market.
The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with.