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A cross-border payments company acquired a crypto-native wallet provider, adding what the industry calls fiat-to-on-chain capability: the ability to move government-issued currency directly onto blockchain settlement rails.
Nium announced the acquisition of Cypher on July 8, 2026, from San Francisco.
Cypher is a non-custodial wallet and issuing company, meaning it holds no customer funds on their behalf and can generate financial instruments that settle on a blockchain.
What Nium does Nium operates as infrastructure, the layer underneath the consumer-facing apps and bank portals that want to send money across borders.
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