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Seeking Alpha 2021-05-03 13:36:54

TechX to acquire fiat-to-crypto merchant services gateway, XPort Digital

TechX Technologies ([[TECXF]]) acquired a 100% interest in XPort Digital, a merchant services fiat-to-crypto gateway solution offering credit card processing for cryptocurrency exchanges, wallets and other cryptocurrency businesses.Under the agreement, shareholder of XPort agreed to sell all of the shares issued and outstanding in XPort in consideration of the issuance of 5.25M shares at a deemed value of $0.952/share for total consideration of C$5M."XPort's fiat to crypto on ramping offers the quickest and easiest solution for consumers to buy Bitcoin, Ethereum and other cryptocurrencies without setting up an account," CEO Peter Green commented.

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