Bolt was founded in 2014 by Ryan Breslow, and provides payment software for online shopping websites, counting Forever 21 among its clients.

Wyre, like Bolt, is based in San Francisco and helps retail and business clients exchange national currencies and cryptocurrencies between banks and crypto wallets, as well as trading cryptocurrencies.

Fast explodes and Bolt pivots. I was dim on Bolt's prospects anyway. That's a lot of cash for a crypto company at this stage, potentially going into a recession? Bolt may wish it had this money in another year if Wyre isn't kicking off cash (which I cannot imagine it is).

WSJ: Crypto Startup Wyre Being Acquired by Payments Company Bolt for $1.5 Billion