Kraken Owner Payward to Buy Lithuania's Saldo Bank in EU Push

Payward, the parent company of crypto exchange Kraken, is buying Lithuania-based Saldo Bank as it expands into lending and card issuing, the Financial Times reported on Wednesday. Payward is the first digital asset company to buy a bank in Europe, according to the FT . Saldo received its EU banking license in 2021 and offers consumer and business loans as well as term deposits. The price was not disclosed. "One of the biggest things that our customers have been asking us is 'I would like to get products and services and offerings similar to what I get with another bank,'"…

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