This is a true story from the future. As of today it is bare of any facts other than it becoming a rumour today and...
...SIMPLE
MIND
FULL
...THINKING…..
Crypto.com is the self proclaimed pioneer of crypto adoption.
Civic is pioneering the identity market.
Bitgo is the entity that provides essential tools for crypto.com and Civic to achieve their goals.
SIMPLE : Civic’s sovereign Identity wallet is based on Bitgo’s tech and is several months overdue.
MIND: Civic bought a simple domain: identity.com just like crypto.com
FULL: Crypto.com has been announcing a ‘moon stop over’ and a non-custodial wallet for at least as long as Civic has been postponing.
SIMPLE : Crypto.com has been representing the ‘amazon approach’ to create something so great, so it is just irresistible.
MIND: Bitgo is the glue between the two and in position to support the new crypto.com empire.
FULL: Crypto.com is first in line for at least the excess insurance product Bitgo offers.
SIMPLE: Integrating a sovereign identity, non-custodial wallet into crypto.com that has already been build by the identity leader makes sense.
MIND: Providing access and adoption for identity.com through the crypto.com and crypto pay user base makes sense.
FULL: Bitgo sits in the middle and has helped craft a deal that is irresistible as it makes them irreplaceable.
Welcome to the era of mergers and acquisition. If not this one, then another one will make big news soon.
Follow-up updates of M&A after publication
April 2020 Binance buys Coinmarketcap
2021 Crypto Merger Deals Skyrocketed 5,000%
