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Datametrex AI agrees to buy Yuzu crypto payment tech for $5.5M in shares, pending approvals.
Datametrex AI Limited has signed a non-binding Letter of Intent to acquire Yuzu, a cryptocurrency payment processing solution from Montreal-based fintech Firstpayment Inc., for about $5.5 million.
The deal, pending regulatory approvals and TSXV acceptance, involves issuing 55 million common shares to Firstpayment.
Yuzu includes patents for merchant-focused crypto payment technology.
Datametrex plans to integrate the solution into its operations and commercialize it for online and in-store transactions.
Firstpayment’s CEO, Michael Kron, is expected to join Datametrex’s management and board upon closing.
The acquisition aims to expand Datametrex’s presence in the payments sector and generate revenue.
Datametrex AI acepta comprar la tecnología de pago criptográfico Yuzu por $ 5.5 millones en acciones, a la espera de las aprobaciones.