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Publicly traded mobile banking application Dave announced on 21st March this year, about introducing a strategic partnership with the stateside arm of cryptocurrency exchange FTX US to grant cryptocurrency payments service on the platform. It additionally introduced a $100 million funding from FTX Ventures through a convertible note, a type of short-term debt. FTX Ventures is the latest fund to make investments in Dave. It will be an exclusive partner for any crypto offerings. In the statement, along with FTX US, Dave stated the funding would support its approach for future crypto-related initiatives, with FTX US serving as its accomplice for cryptocurrencies. Both businesses stated they’re presently exploring approaches to introduce cryptocurrency payments and different digital payments into Dave’s platform. As per a report in a blog post, Dave says FTX US will be its distinctive accomplice for cryptocurrencies.
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