Cavirtex Integrates Vogogo’s Services

Vogogo, the payment processing compliance and fraud mitigation specialist company, announced today that they have signed an agreement with Canada’s biggest Bitcoin exchange Cavirtex as well as with Bitcoin Brains and Taurus Exchange.

Cavirtex has facilitated more than $100 million in Bitcoin trades since its opening three years ago and offers merchant solutions, debit cards and pre-paid cards on top of the regular trading. Bitcoin Brains is a physical exchange based in Calgary, while Taurus Exchange is a more secure way of trading with multi-signature wallet technology.

The three companies are expected to integrate Vogogo’s payment processing and risk management platform which will allow them to make seamless transactions between fiat money and Bitcoins in Canada and the US and with EU processing arriving in Q1 of 2015. Vogogo spend most of 2014 making their system ready for cryptocurrencies and will now integrate all of their crypto customers.

Vogogo CEO Geoff Gordon said of the announcement, “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.”

“Our focus is making it easy for Canadians to seamlessly transition between bitcoin and the Canadian Dollar.” said Joseph Onorati, CEO of CAVIRTEX. “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.”

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

3 hours ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

6 hours ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

7 hours ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

8 hours ago

Revolut brings eleven new Crypto assets to its platform

On Thursday, London-based digital payments firm Revolut announced that it had just added eleven new crypto assets to its banking…

22 hours ago

Ripple’s XRP is skyrocketing as the team celebrates three wins in a row in its SEC lawsuit

This Friday, U.S. Judge Sarah Netburn granted Ripple’s motion to keep its CEO’s financial records private after the Securities and Exchange Commission…

2 days ago