Electronic commerce company Bolt has acquired cryptocurrency infrastructure service provider Wyre to create a secure cryptocurrency-enabled e-commerce solution.
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The solution that the company will create will see cryptocurrency usage by Bolt’s global merchants and retailers.
The integrated solution will also add Bolt’s checkout system CheckoutOS to the cryptocurrency environment.
Bolt’s clients will be able to pay for goods and services using cryptocurrencies like bitcoins while enabling enterprises to access the tools for supporting the payments.
The two companies aim to finalize the transaction, which is expected to streamline digital shopping, before the end of the year.
Bolt founder, Ryan Breslow, says that the partnership will increase the effort to democratize electronics commerce and link cryptocurrency to e-commerce.
Wyre was founded in 2013 to support cryptocurrency transactions. Bolt debuted in 2014 to offer one-click checkout services for traders.