Cross-border payment infrastructure company Nium acquires crypto wallet and card issuing company Cypher

CoinFeed July 9 news, according to official sources, cross-border payment infrastructure company Nium announced the acquisition of crypto-native non-custodial wallet and card issuing company Cypher. The transaction will expand Nium's core capabilities as a compliant funds flow and settlement infrastructure between fiat and digital assets. Cypher was founded by Kuberan Marimuthu (Kube), backed by Y Combinator and Coinbase Ventures, and has focused on product development at the intersection of on-chain and banking systems over the past four years. Kube has joined Nium as Vice President of Digital Assets, and the Cypher engineering team has also joined.