Another major development has emerged in the crypto industry. AI Financial, previously known as Alt5 Sigma, is considering selling its core payment service company, Alt5 Sigma Canada, to Japan’s blockchain company Perpetuals.com. Reports suggest that the value of this potential deal could be as high as $15 million.
This agreement is not finalized yet. Only preliminary discussions are ongoing between the two companies, and Perpetuals.com is currently reviewing the company’s financial affairs, business performance, and other legal aspects. If all conditions are met, a formal agreement could be made later.
AI Financial made headlines some time ago when it established a major association with World Liberty Financial (WLFI). The company made a heavy investment in the WLFI token, but later the token’s price fell by nearly 70%. As a result, AI Financial’s shares also dropped by more than 90%, and the company’s market value was severely affected.
If the company sells its most important payment service, it could be a sign that it is trying to reduce financial pressure and reorganize its business.
On the other hand, questions are also being raised about World Liberty Financial and its ties to the Trump family. Critics say there is a need to make the connections between crypto projects and political figures more transparent, while the White House has previously denied such allegations.
What impact could this have on the crypto market?
This news could create short-term uncertainty in the market, especially for investors who are connected to AI Financial or WLFI. However, at this time, no major negative impact of this news is visible across the entire crypto market.
For investors, the most important thing is that this deal has not been finalized yet. Therefore, it would be better to wait for official updates before making any decisions.