Voyager Digital acquires Coinify to expand payment capabilities

2 months ago 22
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Voyager's Chief International Officer believes the acquisition volition accelerate the company’s planetary expansion

Crypto plus level Voyager Digital announced yesterday that it had acquired cryptocurrency outgo level Coinify successful bid to broaden its capabilities successful the payments and business-to-business payments sectors.

Founded by Wall Street and Silicon Valley entrepreneurs, Voyager provides custody solutions and competitory pricing done astute bid routing to facilitate trading and concern successful crypto assets for some retail and organization clients.

The fig of level users accrued by much than 1,400% successful the archetypal fractional of 2021 and includes galore tiny to medium-sized concern owners. The acquisition volition assistance Voyager supply its customers with outgo options.

Voyager CEO, Stephen Ehrlich, explained, “As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a planetary outgo infrastructure to Voyager's integer plus ecosystem and volition springiness our rapidly increasing lawsuit basal of implicit 1.75 cardinal users a fast, easy, and unafraid mode to marque payments from their Voyager accounts. Coinify's halfway values of innovation, security, and scalability are perfectly aligned with Voyager's ngo of making integer assets accessible passim the world.”

Coinify has been astir since 2014 and its API enables payments successful 15 large cryptocurrencies to beryllium processed, arsenic good arsenic transaction colony successful 20 fiat currencies. Voyager's Chief International Officer believes that the acquisition volition assistance accelerate the company’s enlargement into Europe and internationally.

CEO of Coinify, Mark Hojgaard, added, “We are excited to articulation the outstanding, innovative squad astatine Voyager, and go portion of Voyager's market-leading offerings, brand, and community, and to rapidly turn merchants utilizing Coinify's outgo processing technology. The operation positions Voyager arsenic the go-to prime for businesses and individuals seeking an businesslike transaction conveyance for a wide scope of purchases globally.”

The statement volition spot 5.1 cardinal caller shares of Voyager Digital Ltd communal banal issued to Coinify shareholders, with $15 cardinal successful currency besides being portion of the consideration.

The terms of Voyager's inferior token VGX surged pursuing the announcement and is up 23% successful the past 24 hours.

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