Odaily Planet Daily News reports that Beast Industries has announced its acquisition of the mobile banking app Step, targeting teenagers and young adults, to expand its presence in the financial services sector. Step currently has over 7 million users and has raised approximately $500 million from investors including Stephen Curry and Justin Timberlake. Beast Industries CEO Jeff Housenbold stated that this acquisition will leverage technology-driven solutions to enhance the financial health of its audience. Previously, Ethereum vault company BitMine Immersion Technologies invested $200 million in Beast Industries in January, and the two parties are exploring the integration of DeFi features into financial platforms. Additionally, Beast Holdings filed a trademark application for MrBeast Financial in October, covering cryptocurrency trading and payment processing services. (Cointelegraph)
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