Exodus Becomes Full Payments Platform | Business and Finance News

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Recorded19 Aug 2026

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Exodus is pivoting from a crypto wallet to a full payments powerhouse, acquiring Monavate and Baanx to build a diversified financial platform. This bold move targets enterprise clients and taps into their existing user base’s self-custodial wallets, creating new revenue streams beyond crypto volatility. To fund the transformation, Exodus cut 25% of its workforce, saving $10–13M annually—full impact expected by Q4. Key operational wins include unlocking Monavate’s European card issuance and transitioning to a U.S. banking partner, paving the way for Exodus Pay and AI-integrated financial services. The goal? A versatile, trusted platform serving individuals, businesses, and even AI agents—all built on their proven tech and user trust. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/75980bf0e538dd1e

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