One-Click Bitcoin Exchange via ACH Transfers Coming to Kraken

Kraken, one of the largest cryptocurrency trading venues in the world, has acquired bitcoin wallet funding service Glidera for an undisclosed sum. The acquisition means that Kraken clients will soon be able to experience direct one-click buying and selling of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term via traditional bank 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 like ACH transfers.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Chicago-based Glidera will be rebranded as ‘Kraken Direct’ and its funding service, currently available in the US only, will be expanded in the future to support more national currencies serviced by Kraken, including EUR, JPY, CAD, GBP. Under the new ownership Glidera will also add wallet funding support for some of the alternative cryptocurrencies that Kraken currently offers for exchange, such as Ethereum and Zcash

“This acquisition rounds out a fantastic year for Kraken,” said Jesse Powell, CEO of Kraken. “We’ve seen incredible growth throughout 2016 across all areas of our business. We’re looking forward to an even better 2017 with this acquisition and our new ‘Kraken Direct’ service playing a key role.”

Dave Ripley, co-founder and CEO of Glidera, added: “We’re thoroughly excited to merge with Kraken and bring even more value to our clients and partners. Kraken has built an incredible global platform and a talented team who share our view that partnerships are key to building the digital asset ecosystem.”

This is the fourth known acquisition for Kraken in 2016. In June it has taken over Netherlands-based bitcoin exchange CleverCoin, less than six months after Kraken acquired both Coinsetter and Cavirtex and entered the US and Canadian markets.