OKCoin cryptocurrency exchange has selected trading service provider Worldpay to support its expansion efforts, including making crypto-to-crypto payments available to a global audience.
OKCoin will leverage Worldpay’s foreign exchange services so customers can purchase crypto using credit and debit cards. Jason Lau, COO of OKCoin, said his company selected Worldpay because of his extensive experience working with cryptocurrency exchanges. He further stated:
“As we enable new markets and local currencies, opening up new payment channels will play an important role in our growth and for the crypto industry as a whole.”
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Jason Pavona, general manager for North America at Worldpay Merchant Solutions, described his company’s experience working with crypto exchanges:
“For the past eight years, we have worked with some of the largest cryptocurrency exchanges in the world, developing solutions to open card and consumer payments with digital currencies. Cryptocurrency Exchange”.
Pavona also notes that “Concern about [cryptocurrencies] was never bigger than that. “
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Worldpay is wholly owned by FIS, a publicly traded retailer and technology service provider. FIS is both a Fortune 500 company and a member of the large-cap S&P 500 index. The company processes more than $ 2 trillion in transactions annually.
Cryptocurrency exchanges have seen a massive surge in new users over the past year, with some entering the coveted category of unicorns – a term used to describe startups that has a valuation of at least $ 1 billion. As Cointelegraph reported, the FTX derivatives exchange recently broke a new record in crypto financing, increasing its total value to $ 18 billion. Meanwhile, two Latin American exchanges – Bitso and Mercado Bitcoin – have valued over $ 2 billion.
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