In brief: Curve plans to acquire Blockfi's customers

Curve, la fintech qui propose de l'égragation de cartes de crédit basée au Royaume-Uni, a annoncé son intention d’acquérir plus de 87 000 clients de cartes de crédit du prêteur cryptographique BlockFi.

The offer for BlockFi's credit card customers comes days after BlockFi announced it was suspending withdrawals, citing the ongoing saga with the FTX crypto exchange as the cause.

On the same day, BlockFi credit card users reported that their cards were no longer working and had received messages from BlockFi confirming that the cards had been suspended due to recent events at BlockFi.

BlockFi experienced multiple difficulties in 2022. The company suffered more than most during the collapse of Three Arrows Capital and the associated collapses of lending rivals Celsius and Voyager, which undermined confidence in the crypto lending industry and caused BlockFi's monthly revenues to fall from around USD 48 million at the beginning of 2022 to just USD 15 million in August 2022.

Changpeng Zhao, the CEO of Binance, announced this week the creation of a fund to protect companies in the crypto ecosystem facing a liquidity crisis.

Curve had made its first foray into the crypto universe in October 2021 by allowing its users to use their Curve cards to buy crypto-currencies from some specialist players, including BANXA, Bitpanda, Coinbase, Crypto.com, Kraken, Moonpay, and Uphold.