Canada is quickly becoming the new place to be for everything Bitcoin related it seems. With two major stories developing over the past 24 hours, things are definitely afoot over there. Anycoin Direct, a Bitcoin exchange platform, is expanding the operations to Canada. On the other hand, Canada’s biggest Bitcoin exchange CAVIRTEX has been integrated by Vogogo, a payment processing compliance and fraud mitigation specialist.
Anycoin Direct Expands To Canada After Receiving Half a Million Euro in Funding
Say what you will, but Anycoin Direct is one the most rapid growing Bitcoin exchanges in the world today. Even though the company focused their initial efforts on The netherlands when the platform became available in 2013, the team quickly expanded their efforts to the rest of Europe in 2014 by offering multiple local payment options such as SEPA transfers, Bancontact , Sofort Überweising and Giropay.
Thanks to their recent private investment fund of half a million Euro, Anycoin Direct can now expand their services even further, and Canada will be their first stop. European countries now have easy access to Bitcoins thanks to the services provided by Anycoin Direct, and that same ease-of-use will soon be made available to Canadian customers as well.
Just like Anycoin Direct did with Europe, Canadian customers will be able to use a very popular local payment method called INTERAC Online to purchase Bitcoins. However, the payment processing will not be done by Anycoin Direct themselves, as they partnered up with SALT Technology to provide the INTERAC Online service.
“SALT is very excited about the launch of Anycoin Direct in the Canadian market, their attention to security and the end-user experience aligns well to our belief in what will make a successful customer purchase interaction” says Jim Brown, Vice-President Business Development at SALT.
Anycoin Direct prides itself on speed and ease of use, as users who make use of their platform can receive cryptocurrency within 5 minutes from start to finish. Once a validated account makes a successful payment, the purchased coins will be sent to the user’s account automatically.
However, to prevent fraud and abuse, coins will be sent after 24 hours when using an unverified account. Anycoin Direct’s verification procedure can be completed online, and won’t take much longer than 10 minutes to finish successfully. All in all, there is no valid reason not to get your Anycoin Direct account verified while using their platform.
“We have a long way to go to make bitcoin available to everyone in the world. People need an easy and trusted way to buy bitcoin, using local payment methods that they trust.” states Lennert Vlemmings – Co-founder of Anycoin Direct.
CAVIRTEX Integrates With Vogogo
CAVIRTEX is Canada’s largest Bitcoin exchange to date,as they facilitated over US$100 million worth of trades in just three years of existence. Calling CAVIRTEX just an exchange would be shortsighted however, as the company also offers merchants solutions, debit cards and even prepaid Mastercards to their customers.
“Our focus is making it easy for Canadians to seamlessly transition between bitcoin and the Canadian Dollar As Canada’s largest and most trusted digital currency exchange, we are always looking for services that enhance our offering. By integrating Vogogo with our platform we are making bitcoin more accessible to Canadians,” said Joseph Onorati, CEO of CAVIRTEX.
As of today, CAVIRTEX will most likely be fully integrated with Vogogo, a Canadian payment processing compliance and fraud mitigation specialist. The main benefits of this partners are the option to offer their users seamless transactions between fiat currencies and Bitcoin in both the US and Canada, and EU processing is expected to be added to the options during Q1 of 2015.
Vogogo offers a payment processing and risk management platform, which has been extensively prepared for cryptocurrency integration during the second half of 2014. As Vogogo expects to reach commercial processing volumes during Q1 of 2015, the company is now actively boarding nez crypto-based clients onto their platform.
“Being the chosen provider of payment processing and risk management services by well established crypto-exchanges as well as the new and emerging players in the industry, I believe, speaks to our capabilities and reputation. We look forward to working with these teams and helping them to unlock new and lucrative markets during 2015,” Vogogo CEO Geoff Gordon told the media.
CAVIRTEX is not the only crypto-related company to sign a partnership with Vogogo. Bitcoin Brains, an innovative Calgary-based exchange with their very own bricks and mortar store; and Vancouver-based Taurus, a sophisticated trading platform operating on the USD and CAD markets while using multisig wallets to secure user funds, will also be integrated by Vogogo.
Sources : Anycoin Direct press release via email