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Nium Acquires Cypher to Bridge Fiat and Crypto

Nium Acquires Cypher to Bridge Fiat and Crypto

Nium has acquired Cypher to further develop Nium as the core infrastructure layer for compliant money movement and value exchange that bridges fiat and digital assets.

The acquisition brings together Nium’s cross-border payments infrastructure and Cypher’s crypto-native non-custodial wallet and issuing capabilities, Nium said in a Wednesday (July 8) press release.

The combination will help Nium build and scale products for crypto-native users and deliver products that serve this customer segment while retaining the security, compliance and reliability of its existing global payments infrastructure, according to the release.

Nium has seen growing demand for card issuing, global money movement infrastructure and fiat-to-digital…

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