November 26, 2022

Voyager Digital Acquires Leading Crypto-Payment Platform Coinify

2 min read

Today, Voyager Digital Ltd., the openly traded cryptocurrency platform in the United States, has actually revealed the acquisition of Denmark-based crypto payment platform Coinify in an$85 Million contract. As part of the offer, Coinify investors will be supplied 5,100,000 freshly designated shares of Voyager typical stock and $15 million in money.

Today Marks A Huge Milestone For Voyager

The $1.9 Billion valued trading platform Voyager Digital Ltd. (CSE: VYGR), (OTCQX: VYGVF) has made a huge push into the crypto area today by acquiring Coinify in an $85 Million combination deal. The acquisition is anticipated to reinforce the business’s international growth and fast-track its growth in the business-to-business payment space. In addition, the combination deal will allow the business’s consumers to make payments instantly from their digital asset accounts. However, this would occur in late 2022’s according to the business.

Especially, Coinify’s crypto payment services allow consumers to accept digital properties payments. Additionally, the platform supports over 20 fiat currencies and is currently available across North America, South America, Europe and Asia.

CEO’s on Coinify Integration With Voyager

As Coinify signs up with forces with Voyager, particular business CEO’s showed up and shared their viewpoints on the huge integration step.Stephen Ehrlich kept in mind Voyager’s vision of expansion throughout the financial industry. He also believes that being a public organization with public equity and $200 million money on its balance sheet, the company has got an edge in the marketplace for potential growth-oriented integrations in future.

Mark Hojgaard, CEO and Co-founder of Coinify also revealed the team’s enjoyment and how Coinify is eager to operate in cooperation with the ‘innovative team’ of the acquirer. Hojgaard further specified that Voyager is likewise an extremely effective deal automobile for individuals and companies that do a vast array of purchases internationally every day.

Experts hypothesize that the tie-up can bring expansive growth to both the companies in numerous sectors. They also note that the acquisition appeared right after Visa and Mastercard began to construct their crypto divisions, that makes the business’s technique of around the world expansion crystal clear to rivals. Reportedly, Mastercard declared the launch of its crypto payment cards. Also, Visa inaugurated the crypto rewards charge card in partnership with crypto company BlockFi in July. And now, Voyager has actually likewise included it’s name in the list of major crypto-service provider companies.

The post Voyager Digital Acquires Leading Crypto-Payment Platform Coinify appeared initially on Coingape.