Calgary’s Vogogo — a B2B risk management company and payment service business that enables secure online transactions between businesses and its customers — will integrate its payment processing platform with Coinbase, a leading San Francisco-based bitcoin exchange company. The partnership allows Coinbase to expand and complete transactions in Canada.
As Bitcoin exchanges continue to become a more mainstream method of transaction, companies like Vogogo can provide risk management and payment processing that allows users to complete cryptocurrency exchanges seamlessly through traditional banks and fiat currencies. In the past, working seamlessly with major banks has been considered a major roadblock to the widespread adoption of digital currencies.
“Vogogo is committed to playing its part in enabling and accelerating the growth of global bitcoin exchanges,” said Geoff Gordon, CEO at Vogogo. “Through providing secure, effective and compliant access to global banking and payment networks, exchanges such as Coinbase can focus on being the very best at their business.”