Bitstamp Available to Canadians Through Vogogo Partnership

Bitcoin exchange Bitstamp has opened for business to Canadian clients, helped by its partnership with Vogogo.

Bitstamp partnered with the Canadian payment solutions provider roughly two months ago, aiming to gain a foothold in both Canadian and US markets.

Vogogo has become a go-to destination for Canadian bitcoin exchanges, which have traditionally had a tough time maintaining banking relationships. Recently, it has been leveraged by exchanges based outside of Canada; San Francisco-based Kraken was brought on board a few days a go.

Whereas Kraken in fact launched an XBT/CAD (BTC/CAD) trading pair, in addition to its supporting USD, EUR and GBP, Bitstamp continues as a strictly USD venue. Deposits made with CAD are automatically converted to USD.

Canadian residents can pre-authorize CAD deposits using the 'eCheck' feature, which completes the transfer in 2 to 5 business days. Up to five bank accounts can be added, and a 1% transaction fee is charged.

Calgary-based Vogogo aims to take on the load of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, compliance and security of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term processing, bridging the gap between the fiat banking and digital currency worlds and allowing exchanges to focus more on their business strategies.

The startup's growth has propelled its publicly traded shares higher by 128% during the past year, but they remain volatile, losing over 50% from their November peak.