Chip Cash

On March 15th, it was reported that in response to rumors that the payment company Chip Cash would be considered for sale in the market, the CEO of the company, Ham Serunjogi, issued a clarification statement on its official website, stating that although the collapse of Silicon Valley Bank and Silvergate Bank caused chaos, the impact on Chip Cash was “insignificant”. Although Silicon Valley Bank is the investor of the company, they have very limited funds in their Silicon Valley bank accounts, Only about $1 million, and Chip Cash has not contacted Silvergate Bank, and “has never sought to be acquired.”. Chipper Cash clarifies that banks in Silicon Valley have only about $1 million in funds and have never sought an acquisition Analysis based on this information:In recent weeks, rumors have spread regarding the potential sale of payment company Chip Cash. However, on March 15th, CEO Ham Serunjogi issued a statement on the company’s official website to clarify the situation….