aXpire, a blockchain fund solutions company, today has announced the acquisition of BlockchainWarehouse (BCW), a blockchain accelerator and token sale product developer. aXpire has made the acquisition to bolster the strength of its in-house blockchain talent and add a new product offering to its technology suite.
BlockchainWarehouse offers a crypto-to-crypto gateway that aXpire has rebranded as CoinBX, which will allow aXpire to offer AXPR purchases directly through its web applications, Resolvr and MatchBX. Clients will be able to buy AXPR with Bitcoin, Bitcoin Cash and Ether through a simple button on each product. This AXPR will be made available from existing tokens sold through exchanges.
CoinBX is another spoke in the “hub and spoke” Enterprise Resource Planning (ERP) software suite that aXpire is building out to make blockchain solutions a reality for businesses looking to become more profitable. CoinBX was originally used as a token sale platform, which aXpire will maintain, but will now also offer a discount or bonus to those using AXPR on the platform.
In addition, the platform will be expanded into a crypto-to-crypto gateway, with part of the platform license fees payable in AXPR and burned. This new product means aXpire will be able to offer “Buy AXPR” buttons on its software, which will reduce the friction required for businesses and other customers to buy AXPR. This software represents the first aXpire venture into payments, and will serve as another building block in an ecosystem intended to encourage businesses to adopt blockchain.
The acquisition will also transfer all of BlockchainWarehouse’s clients to aXpire, allowing aXpire to create blockchain funds to share with its institutional investor database. These funds will utilize aXpire’s Resolvr software, and will allow investors a way to buy a diverse basket of blockchain projects with AXPR or fiat. Both methods of buying blockchain funds would end up utilizing AXPR and would provide another use case for the token.