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ANT.FUN has announced the completion of the acquisition of the centralized wallet and payment product WhalePay.
BlockBeats News, October 30th: On October 28th, ANT.FUN announced the completion of the acquisition of the centralized wallet and payment product WhalePay.
WhalePay is a wallet application founded by a well-known team and invested in by China's famous Internet finance influencer Jiangnan Fenqing, with a LTV of over one billion US dollars. It has successfully issued hundreds of thousands of U cards. It has received multi-million dollar investments from former executives of the MEXC exchange and has integrated related APIs for transactions.
After ANT.FUN's full acquisition of WhalePay, the two parties will integrate their technical teams, restructure WhalePay's existing products, optimize the wallet's ease of use and stability, focus on iterations in finance, payment, and asset management functions, support the x402 protocol, and mutually integrate and complement each other's functions on the business side.
Through this acquisition, ANT.FUN will strengthen its capabilities in asset management and finance, and obtain the flow and business resources of WhalePay's original shareholders.
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