Yesterday banking app Dave announced that it has partnered with FTX US, the U.S. affiliate of cryptocurrency exchange FTX. The exchange’s $2 billion venture fund FTX Ventures has invested $100 million in the banking app.
Dave plans to use the investment to fund its growth and future initiatives, including its entry into the digital assets industry. The banking app is exploring ways to introduce crypto payments to its platform with FTX US acting as its exclusive crypto partner.
“We consistently look to align with companies that share our vision, have unique and disruptive business models, and can help drive widespread adoption of digital assets. Dave is a great fit as they check all three boxes,” said FTX US President, Brett Harrison. “We see significant growth opportunities ahead for both of our companies and are excited to be working with Dave.”
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