Canadian bitcoin exchange CoinTrader has partnered with local payment processor Vogogo for fiat payment processing. As part of facilitating deposits and withdrawals, Vogogo will supply its risk management, security and compliance capabilities.
Vogogo is publicly traded on the TSX Venture Exchange. The company has recently enjoyed impressive growth, with its stock price increasing multifold during the past 52 weeks and a market cap now worth $121 million.
The partnership will give Canadians more choice when it comes to their methods of deposit, which already include online bill payment and pre-authorized withdrawal.
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“We are thrilled to be working with Vogogo. Their platform gives us the ability to offer our customers a fast, secure, and incredibly simple payment option. This partnership will allow CoinTrader to provide some of the most convenient funding options in the digital currency industry.”
CoinTrader is also developing a multi-currency order book which will pair bitcoin with CAD, USD, EUR and GBP.
A few days ago, Vogogo also partnered with leading altcoin exchange Cryptsy to handle its USD and CAD payment processing.