Voyager Digital, a cryptocurrency brokerage company, has announced its successful acquisition of Coinify for $85 million. Coinify is one of the fastest-rising digital payments platforms in the crypto space today.
With Coinify now under Voyager’s wings, the brokerage company can now tap the platform’s strong user base in over 150 countries.
One of Voyager’s strongest aspects is that it can already interact with more than 60 cryptocurrencies which allows platform users to trade and invest in digital assets. It also offers interest on Bitcoin assets.
Expanding reach
Voyager’s acquisition of Coinify will enable the brokerage company to widen its global reach and expand its services. Also, by integrating Coinify into its ecosystem, Voyager users will now have the capability to make payments straight from their holding accounts.
Another major benefit that Coinify can bring to Voyager is that it can offer payments in 15 cryptocurrencies and settle transactions in at least 20 fiat currencies through its Coinify API.
Stephen Ehrlich, Voyager CEO and co-founder said: “As the adoption of cryptocurrency gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager’s digital asset ecosystem.”
Three values
Ehlrich also added that Voyager and Coinify deeply share three values: innovation, security, and scalability. And according to him, these shared values would enable the two companies to reach new heights together and create a bigger impact on the crypto industry.
Voyager’s users have grown to an astounding 1,400% in the first half of 2021 and the integration of Coinify services would certainly bring better services for its existing and new customers.
Small to midsize business owners, which make up a large part of Voyager’s user base, would greatly benefit from the added convenience of Coinify.
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