Exodus acquires Grateful… expands stablecoin payments in Latin America

JH Kim

Summary

Exodus said it is acquiring Grateful to expand stablecoin payment services in the Latin America region.
Through this acquisition, Exodus said it plans to provide various types of services such as wallet payments between merchants, QR POS payments, and on-chain invoice issuance.
The company said it expects to accelerate entry into the payment ecosystem in Latin America and anticipates the spread of stablecoins as a practical payment method.

Digital asset (cryptocurrency) wallet service company Exodus is acquiring payment infrastructure startup Grateful to expand stablecoin payment services in the Latin America region.

On the 10th (local time), according to crypto-focused media CoinDesk, Exodus plans to use Grateful's technology to provide various forms of stablecoin payment functions such as wallet payments between merchants, QR POS payments, and on-chain invoice issuance.

Through this acquisition, Exodus aims to go beyond its existing digital asset custody function and accelerate entry into the commerce payment ecosystem within the Latin America region. A company official said, "Stablecoins are rapidly spreading as a practical means of payment in emerging countries with high inflation," and added, "This acquisition will simultaneously strengthen user accessibility and merchant payment infrastructure."