On August 17, the self-custodial wallet company Exodus Movement released its first quarterly financial statements since its stock (ticker: EXOD) was listed on NYSE American, a unit of the New York Stock Exchange, in May. The report said that revenue in the second quarter increased by 80% year-on-year to $22.30 million. However, the company's cost of revenue also increased, with a quarterly loss of nearly $10 million, compared to a profit of $1.90 million in the same period last year. The monthly...
Cryptocurrency wallet company Tangem is partnering with Visa to launch a new hardware wallet technology that integrates with Visa payment cards. This allows users to pay cryptocurrencies directly from a self-custodial wallet through a merchant's payment end point or online payment tool. Tangem was certified by Visa for this payment technology in February 2022.