Kraken Parent Company Payward to Buy Saldo Bank in European Banking Push

Payward, Kraken’s parent company, plans to acquire Lithuania-based Saldo Bank as part of an expansion into European banking. The move could give Payward greater control over banking and payment infrastructure for its crypto services, though completion and regulatory approval remain key steps. For Bitcoin, the acquisition signals continued investment in the financial rails that support access to digital assets, rather than a direct change to the network or its protocol.