Kraken Parent Payward Strikes Deal to Buy Lithuania-Licensed Saldo Bank
Payward, Kraken’s parent company, has agreed to acquire Saldo Bank, adding a European banking business operating across five markets.
Payward, the company behind cryptocurrency exchange Kraken, has signed a definitive agreement to purchase Saldo Bank, a lender licensed in Lithuania.
Saldo operates in five markets. The proposed acquisition would expand Payward’s European presence and bring banking services into its broader financial business.
Those services include deposit accounts, loans, payments and card issuance. The announcement describes an agreement to acquire the bank, rather than a completed transaction.
Source: Bitcoin.com News
