FoPay, a cryptocurrency payment system provider managed by the FOIN company, has acquired AliExchange, a booming cryptocurrency trading platform from Estonia, Europe. The deal worth 1 million FOIN. Taking into account the FOIN’s 30 days average price, the deal price is about 2.1 Billion USD. The bulk of this amount will be kept in AliExchange as liquidity and capital expenditure.The deal backgroundThis acquisition is another big step for FOIN to expand its global footprint. Launched in early 2018, currently, FOIN is one of the best performing Cryptocurrency, with prices starting from about $1,000 in January 2019 to over $2,500 in December 2019. Previously FOIN had released FoPay, a blockchain payment system, including a multi-currency wallet and a merchant platform. In just a few months of this year, a great many merchants have joined the platform and now they can accept cryptocurrency payments from their customers.