BlockBeats News, October 30th, ANT.FUN announced on October 28th that it has completed the acquisition of the centralized wallet and payment product WhalePay.
WhalePay is a wallet application created by a well-known team and invested in by the renowned Chinese internet finance influencer Jiangnan Fenqing. It has a LTV of over one billion dollars, has successfully issued hundreds of thousands of U Cards, received multi-million dollar investments from former executives of the MEXC exchange, and integrated relevant APIs for transactions.
After ANT.FUN’s full acquisition of WhalePay, the two parties will integrate their technical teams, restructure WhalePay’s existing products, optimize the wallet’s user-friendliness and stability, focus on iterating on financial management, payment, and asset management functionalities, support the x402 protocol, and mutually integrate and complement each other’s functionalities on the business end.
Through this acquisition, ANT.FUN will enhance its capabilities in asset management and financial management, and gain access to the traffic and business resources of WhalePay’s original shareholders.
