Bitstamp Partners with Vogogo, Eyeing US and Canada

Europe-based bitcoin exchange Bitstamp has partnered with Vogogo, a Canada-based 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 provider, to help with its ambitions for global expansion.

Vogogo has been steadily adding several bitcoin exchanges, based both in Canada and internationally, to its list of supported clients. The company supplies payment processing services tailored for crypto exchanges, serving as an intermediary between them and a Canadian banking system that has been difficult for its clients to deal with directly.

Also integrated into its solution are compliance and 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 features.

The partnership is expected to help Bitstamp gain a foothold in both the US and Canada. Said BitStamp CEO Nejc Kodric:

"They [Vogogo] allow us to reach more customers while also giving all of our customers the ability to explore a revolutionary new technology in a safe and compliant manner."

Bitstamp's Canadian ambitions come at a time of apparent recovery in the country's crypto exchange segment. Two exchanges, CAVIRTEX and Vault of Satoshi, had announced plans to shut down earlier this year. CAVIRTEX, however, was revived by US-based Coinsetter. Two other local exchanges, QuadrigaCX and CoinTrader, have also announced plans to go public. Both are supported by Vogogo.

Vogogo itself is publicly traded on the TSX Venture Exchange (CVE), its total valuation currently $107 million (CAD).