Summary
- Swapped.com announced its acquisition of the Web3 payment solution company Kado to expand its business in the US.
- Through this acquisition, Swapped.com stated that it is exploring ways to reduce user fees.
- Kado reported plans to address the fee issue by utilizing stablecoins.
On the 21st (local time), according to the cryptocurrency-focused media Blockworks, the Denmark-based cryptocurrency trading platform Swapped.com announced its acquisition of the Web3 payment solution company Kado Software to expand its business in the United States.
The media reported, "The terms of the acquisition have not been disclosed."
Kado stated, "Currently, user fees are relatively high, but we are discussing ways to reduce them with Swapped.com," adding, "We plan to actively utilize the advantages of stablecoins for this purpose."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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