Blockchain Startup Wyre Acquires Remitsy for China Market Push
Blockchain Startup Wyre Acquires Remitsy for China Market Push Blockchain Startup Wyre Acquires Remitsy for China Market place Push Blockchain payments startup�Wyre has acquired industry startup Remitsy in a money and equity deal of an undisclosed volume. With the information, the San Francisco-primarily based startup gains a lot more than 600 customer accounts and the services of co-founders Neil Woodfine and Richard Bensberg, who will join the Wyre crew as component of the deal. Further, Wyre now�plans to retain the services of five new staff in a new Beijing headquarters, while�its engineering group will stay in San Francisco. According to CEO Michael Dunworth, it was Remitsys close proximity to Chinas marketplace that was the chief aspect prompting the move. (Remitsy uses a combination of blockchain engineering and banking relationships to convert user currencies for China-primarily based customers). Dunworth advised CoinDesk: "Remitsy brings the knowledge of industry...