Exodus Movement, Inc. has acquired Grateful to enhance its digital payment solutions by integrating Grateful's blockchain infrastructure, targeting the growing demand for stablecoin transactions in Latin America.

Target Information

The acquisition of Grateful by Exodus Movement, Inc. represents a significant advancement within the regional digital payment ecosystem. This transaction will integrate the blockchain infrastructure of the Uruguayan startup into the multichain stack of the American company, thereby enhancing solutions centered around stablecoin transactions. Grateful is recognized for offering tools aimed at merchants seeking cost-effective solutions, immediate access to funds, and conversion features that optimize operations.

Grateful's technology enables wallet-to-wallet payments, management dashboards, QR code-based point-of-sale systems, and e-commerce checkout options. With this partnership, strategic expansion into emerging markets is anticipated, responding to the growing demand for agile, stable financial options compatible with modern work models.

Industry Overview in Uruguay

Uruguay has seen a steady rise in the adoption of digital payment solutions, propelled by increasing internet penetration and mobile device usage. The government has been actively promoting financial inclusion through initiatives aime