TechX Technologies closes C$5M acquisition of merchant services gateway XPort Digital

TechX Technologies Inc (CSE:TECX) (OTCMKTS:TECXF) (FRA:C0B1) closed the acquisition of merchant services gateway XPort Digital Limited in a deal worth C$5 million.  XPort is a merchant services fiat-to-crypto gateway onramp solution that offers credit card processing for cryptocurrency exchanges and wallets. The firm is planning to launch its retail site, Buybitfast.com, in the third quarter of 2021. READ: TechX Technologies appoints Dr John Henderson as its new COO "The really cool thing about Buybitfast.com is that it's not just only a really simple and user-friendly site, but it's a testament to how our XPort Digital technology empowers our users and merchants to take advantage of opportunities to trade their crypto in this hot, fast-moving market," said XPort CEO, Aaron Carter.  Under the term sheet, TechX issued nearly 5.3 million shares to XPort shareholders priced at C$0.952 for a total consideration of $5 million. "We are very pleased to begin the next phase of our growth following the completion of this acquisition,” TechX CEO Peter Green said in a statement. “XPort Digital has continued to prove itself as one of the cutting edge industry leaders in the crypto space and a benchmark for performance. 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." Vancouver-based TechX is a fintech company focused on traditional and emerging financial services such as payment processing, mobile payments and digital assets like cryptocurrency. Contact Angela at angela@proactiveinvestors.com Follow her on Twitter @AHarmantas