Kado Software, a Web3 payments infrastructure company, has been acquired by Denmark-based Swapped.com. Details of the acquisition were not disclosed, but the goal is to expand Swapped.com's operations in the U.S. Kado's founder, Emery Andrew, expressed that the acquisition was a natural fit as he plans to assist in leading the U.S. operations and product expansion. Both companies aim to create innovative Web3 products with lower transaction fees, as payments evolve in a competitive landscape. Andrew believes the aim of reducing fees is essential as more players enter the market, drawing parallels to stablecoin dynamics. This merger is seen as an opportunity to accelerate the development of advanced payment solutions in the cryptocurrency sector, with anticipation for new products to be announced soon.

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