Canadian crypto exchange Coinsquare enters a new partnership with payments company Processing.com. As a result of the partnership, Coinsquare will be able to offer credit card payment functionality.
Soon, Coinsquare customers will be able to instantly purchase cryptocurrencies such as Bitcoin, Ether, Dash, Litecoin and Bitcoin Cash with credit or debit cards.
Coinsquare seems to have downplayed the credit card bans
The news comes just weeks after several banks and credit card companies in the UK and America banned credit cards to buy cryptocurrencies, fearing their customers could not pay their debts.
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But for Processing.com executive James Bergman, cryptocurrencies remain. Processing.com, a brand of CardConcepts Europe, does not offer online payment services for the e-commerce industry. The company has offices in the UK, USA, Europe, Australia and Brazil.
Bergman said:
As digital currencies increasingly enter mainstream consciousness, service providers are rapidly becoming has a responsibility to ensure wider access to the growing Blockchain ecosystem. Processing.com is proud to facilitate payments of public digital currencies through Visa and MasterCard transactions.
Coinsquare, operated by Canadian firm goNumericial, is one of the largest cryptocurrency platforms in the country.. The company handles $5 billion a year in cryptocurrency trading and over 100,000 customers.
“The partnership will act as a catalyst.”
Coinsquare CEO, Cole Diamond: “Market-leading innovative payments It was important that we partner with their providers. We believe this partnership will be a further catalyst for our growth.”
Coinsquare received $23.63 million worth of investment earlier this month to strengthen its global growth plan and diversification strategy.
The company raised $120 million in September to help finance overseas expansion.
Diamond spoke with Bloomberg last month, saying:
We believe we will be a strong competitor to Coinbase and other exchanges in the US by the end of the year. We believe.
Coinsquare plans to include Ripple on its platform from the end of this month.
Coinjournal