According to a company press release shared on September 14th, Bitwave, an organization that helps businesses manage their crypto holdings, has acquired Gilded, a high-level crypto payments and reporting platform.
"At Bitwave, we believe that on-chain payments are the future. We see a world where digital asset payments overtake traditional payment rails thanks to their instant settlement capability and incredibly low fees," writes Pat White CEO and co-founder of BitWave.
With Gilded's technology incorporated, Bitwave now expects to offer an "enhanced, unparalleled solution to enable crypto payments for enterprises."
Who is Gilded?
Gilded has been around since 2018 and offers web3 users tools such as Bill Pay and Mass Pay. These solutions allow users to seamlessly keep track of expenses, send out crypto payments, and pay up to 500 receivers at once.
The announcement also states that one aspect of this deal includes Gilded CTO, Ken Gaulter, joining Bitwave’s engineering team.
"We're committing today that all Gilded products will continue to operate as usual for now, and any transition plans will be communicated well before any action. We take our customers’ needs seriously and want to ensure your business operations are uninterrupted during this transition period," says White.
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