Payment companies seek to stay ahead of the curve

Who will acquire BlockFi?

BlockFi's quite the ambitious goal      87K client's no minor bankroll      So despite mass suspensions      And users on high tensions      Curve and co. are positively on the prowl Cryptocurrency lender BlockFi is in the midst of a major transition, courtesy of payments company Curve. Yesterday, a Curve spokesperson confirmed that they have been in negotiations to acquire BlockFi's more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11. "Terms are being negotiated actively between Curve and Deserve, but a sale or partnership, if agreed to, is pending the conclusion of due diligence," the Curve spokesperson told Cointelegraph. "The primary point of contact for the pending negotiation is Deserve/ Evolve, not BlockFi, but that is an understanding that needs to be confirmed," they added, also noting that Curve is not interested in BlockFi's assets. The negotiations, should they prove successful, may open up a wider broach of crypto rewards for those partaking in BlockFi's credit card program.  Additionally, another benefit of a successful acquisition is that customers from BlockFi's credit card program "will not be ported to yet another centrally-held exchange." Also worth noting is that Binance US and Coinbase are also pursuing BlockFi's credit card customers as well — we'll have to see who comes out on top in this race. Read the full story here on Cointelegraph. Be the first to know who comes out on top by leveraging the same "realtime" news feed Cointelegraph's journalists use to report on market moving developments. Russell DeCorte Director Markets Pro © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2022 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.