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Crypto
Exodus cuts workforce 25 percent in restructuring
Cryptocurrency wallet firm Exodus is cutting 25 percent of its workforce as it restructures its organisation. The company said it is reducing headcount to adjust its cost structure and organisational priorities to fit a strategy to build a full-stack card issuance and payments platform. The announcement followed Exodus\' acquisitions of Monavate and Vank. Exodus reported 215 full-time employees as of Dec. 31 last year.
Crypto
Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback
Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.
Crypto
Exodus launches Solana-based stablecoin for AI agents
Exodus has launched a Solana-based stablecoin called XO Cash and payment tools for AI agents in partnership with MoonPay. The system is designed to let AI agents make payments and use services without directly controlling private keys. Developers can create agent-linked wallets, set spending limits and issue virtual debit cards connected to the Visa network. Funds can be transferred from Exodus Pay to agent wallets while retaining private-key custody.
