Bitcoin Exchanges Weigh Impact As Vogogo Moves to Shutter Payments Service
Bitcoin services startup Vogogo is closing its cryptocurrency-focused payment processing service next month after it failed to gain traction, a move that comes amid the exits of several executives and reports that at least some bitcoin services will be affected in the near-term. Announced on 5th July, the move will see Vogogo shutting down its payments service after it completed selling its risk management business. Those two business lines were major elements of Vogogo, which raised $8.5m in venture funding in August 2014 before going public last year. The closure is notable given the....
Related News
Payment Processor Vogogo has announced a partnership with Knox payments that will allow US clients in the digital currency industry to accept payments from US bank accounts and have access to better commercial banking. The agreement between Vogogo and Knox Payments will combine Vogogo's Calgary-based regulatory and risk compliance specialist to Knox Payment's USD and domestic banking networks. This new partnership will give Vogogo the ability to significantly expand the services they offer within the US while creating a nurturing banking environment for digital currency companies. Also....
Today, Vogogo announced a signed contract between BitMEX, a bitcoin mercantile exchange for professional investors, and QuadrigaCX, a leading Canadian Bitcoin exchange. It's expected that both exchanges will integrate with Vogogo's payment processing and risk management platform enabling each to offer users transactions between Bitcoin and fiat currencies in the US and Canada, with the EU expected in Q1, 2015. Vogogo is a TSX Venture Exchange payment services company with integrated risk management and compliance. "Integrating cutting edge Crypto exchanges such as QuadrigaCX and BitMEX is....
China and Canada are coming together over their mutual love of bitcoin. Payment services program Vogogo has entered into a partnership with bitcoin exchanges QuadrigaCX and BitMEX, located in Vancouver and Hong Kong respectively. Vogogo CEO Geoff Gordon expressed joy over the newfound alliance, explaining: "Integrating cutting edge Crypto exchanges such as QuadrigaCX and BitMEX is another significant step in our established growth strategy. It is also another validation of the value new and innovative Crypto exchanges are placing in the Vogogo platform to help them access and transact....
Vogogo has announced a new partnership with Knox Payments that will enable its future US clients in the digital currency industry to accept payment from any US bank account and to better access commercial banking. More specifically, the agreement will connect the Calgary-based regulatory and risk compliance specialist to its new partner's USD payments network and domestic banking connections. Vogogo raised $8.5m in funding in August to extend its solutions to new target markets, including the US and Europe. Vogogo CEO Geoff Gordon positioned the news as an important step in the....
Vogogo is a payment processor which is not strictly focused on cryptocurrency, but more on its clients. Its other offerings include know-your-customer and anti-money-laundering services for firms transacting in Bitcoin and in general. The company could represent a real disruption for the industry if it starts to gain traction, moving in on the business of companies like CoinBase and BitGo. Today Vogogo announced that it has closed an oversubscribed 12.5 million dollar funding round which was led by a few traditional financial firms: Salman Partners Inc., Clarus Securities Inc. and Beacon....