Kraken's Parent Company Acquires Stablecoin Payments Firm Reap for $600M

Payward Inc., the parent company of U.S. crypto exchange Kraken, has agreed to acquire Reap Technologies — a stablecoin-native card issuing and payments infrastructure company — for up to $600 million in cash and stock. The deal, which values Payward at $20 billion, is expected to close in the... Read the full story at The Defiant