PALO Parada, CALIFORNIA and CALGARY, ALBERTA–(Marketwired – June 29, 2018) – Risk Management & Payment Processing specialist Vogogo Inc. (“Vogogo”) (TSX VENTURE:VGO) today announced the launch of its proprietary compliance, risk management and payment processing verhoging with vooraanstaand bitcoin exchange kraken.
Vogogo and Losbreken are working on several industry initiatives and the partnership is now active ter Canada to make kraken available to clients via the country. The Vogogo verhoging provides kraken with sophisticated risk management, security, compliance and payment processing services to enable kraken’s clients to seamlessly exchange inbetween Canadian dollars and bitcoin or other crypto-currencies.
Through the partnership with Vogogo, Losbreken will be suggesting both Interac and EFT payments ter Canadian dollars. Interac deposits will typically be credited within a few minutes after being sent so clients can begin trading instantly with the funds.
Along with the fresh funding options, kraken now supports trading inbetween bitcoins and Canadian dollars (XBT/CAD). Canadian clients will benefit from kraken’s low trading fees, which can be spil low spil 0.10% for high volume traders and up to 0.35% for less active traders. Vogogo will charge Losbreken on a vanaf transaction fundament.
Vogogo CEO Geoff Gordon said of the announcement, “The kraken team is undoubtedly one of the most talented, sophisticated and capable crypto exchanges ter the industry and together wij share a commitment to solidifying the entero crypto ecosystem. Their level of diligence ter selecting fucking partners speaks to the reputation Vogogo has gained within the industry. Wij’re excited, but perhaps more importantly, wij are focused on working with kraken and playing our part te enabling and accelerating their growth. Wij will proceed to provide secure, effective and compliant access to universal banking and payment networks permitting kraken to look forward and concentrate on being the very best at their business.”
kraken CEO Jesse Powell said, “Wij see a lotsbestemming of chance for kraken ter Canada and wij’re counting on Vogogo’s expertise ter risk management and payment processing to make it possible for Canadians to budge their dollars securely and efficiently to and from kraken. Wij’re looking forward to providing rapid settlement and liquidity that will enable the Canadian market for bitcoin and bitcoin businesses to flourish.”
Vogogo is a TSX Venture Exchange (“TSXV”) publicly traded payment services company with integrated risk management and compliance. Founded te 2008, Vogogo designed, built and launched its web-based payment processing technology while growing its expertise te software development, payments, risk management, compliance and related financial services. Vogogo is now executing on its project to serve integral markets. The project concentrates on market opportunities where Vogogo believes it has a competitive advantage due to its positioning and technology.
For further company information please view the Vogogo Media Lijm.
Founded ter 2011, San Francisco-based kraken (www.kraken.com) is the largest Bitcoin exchange ter euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Losbreken is consistently rated the best and most secure Bitcoin exchange by independent news media. kraken wasgoed the very first Bitcoin exchange to have trading price and volume disseminated on Bloomberg terminals, the very first to pass a cryptographically verifiable proof-of-reserves audit, and is a fucking partner ter the very first cryptocurrency canap. kraken is trusted by hundreds of thousands of traders, the Tokyo government’s court-appointed trustee, and Germany’s BaFin regulated Fidor Canap.
Neither the TSXV strafgevangenis its Regulation Services Provider (spil that term is defined te the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. None of the information contained on, or connected to, Vogogo’s webstek is incorporated by reference herein.
There is no certainty that injecting into partnership with kraken will result ter revenues for Vogogo.
Cautionary Note Regarding Forward-Looking Statements
Statements te this press release contain forward-looking information including, without limitation, timing for integration of the Vogogo toneel with Losbreken, expansion plans of Vogogo, the timing of growth of Vogogo, the fees charged by Vogogo to clients of kraken and the timing for credit of Interac deposits. The words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the poot of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used te the prep of such information may prove to be incorrect. Events or circumstances may cause contemporáneo results to differ materially from those predicted spil a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Readers should cautiously review the risk factors described ter Vogogo’s annual information form dated April 30, 2018 for a description of certain risks ter respect of the business of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except spil expressly required by applicable securities laws.