TechX Technologies Inc., a fintech company, has acquired all shares of XPort Digital Ltd., a merchant services fiat-to-cryptocurrency solutions provider. XPort offers a credit card processing solution that delivers real-time cryptocurrency pricing, according to a press release.

TechX has issued 5,252,100 common shares to XPort shareholders at a value of 95.2 cents per share, according to the release.

Some of XPort's services include:

  • Customized widgets to integrate cryptocurrency transfers.
  • Merchant dashboard to view transactions, deliver refunds and automate reconciliation and reporting.
  • Video and AI to confirm customer identity.

"We are very pleased to begin the next phase of our growth following the completion of this acquisition. XPort Digital has continued to prove itself as one of the cutting edge industry leaders in the crypto space and a benchmark for performance," Peter Green, CEO, TechX, said in the release. "We look forward to working with XPort's talented team to build a solid and profitable business that allows merchants, exchanges and other cryptocurrency businesses to connect their cryptocurrencies to the platform and embed our white-label widget in their platform."

In the third quarter of 2021, XPort also plans to launch its fiat-to-cryptocurrency purchasing site, Buybitfast.com.

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