TechX Acquires Mobilum For $16M To Enable Real-Time Transactions With Cryptocurrency

Announcements, Blockchain, News | May 27, 2021 By:

TechX, a crypto, blockchain, AI, and cloud technologies company, has acquired Mobilum, a digital wallet and payment technology gateway, for $16M CAD ($13.2M USD).

This acquisition will bridge the fiat and crypto space and revolutionize the way people can pay with cryptocurrency – anytime, anywhere, with any payment card and no extra transaction fees.

It enables real-time crypto POS transactions using customer’s existing credit and debit cards. So, crypto owners can spend crypto assets immediately, even in physical spaces like shops and service points.

In addition to the payment processing technology, TechX will gain access to Mobilum’s Xcard digital wallet technology platform. The wallet is expected to launch in Q3 of 2021.

Key Wallet Features:
  • Stake and earn interest of up to 16% APY on select cryptocurrencies

  • Swap multiple cryptocurrencies with lower fees than Ethereum-based protocols but continue to have the ability to swap Ethereum-based tokens

  • Farm DeFi tokens and earn high interest yields

  • Buy and sell over 237 cryptocurrencies

  • On and off ramp with credit cards, electronic transfer funds, and wire transfers

  • AI-based crypto trading signals