| 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.
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Russell DeCorte
Director
Markets Pro | 
