The Canadian cryptocurrency exchange Coinsquare has teamed up with the payments processing platform Processing.com, announced the latter.
The new partnership will enable Coinsquare to enable its customers to buy digital currencies with their credit or debit cards instantly.
“We are very excited to partner with such a respected and fast-growing trading platform as Coinsquare. As digital currencies increasingly make their way into the mainstream conscious, service providers have a responsibility to ensure the broader public can access the rapidly growing Blockchain ecosystem. Processing.com is proud to facilitate fiat currency payments of digital currencies for the general public through Visa and MasterCard transactions,” said James Bergman, Chief Revenue Officer, Processing.com.
According to most current estimates, Coinsquare an annual volume of around $5 billion in trades and is planning further expansion. Earlier this month the exchange announced it got new funding of $30 million from equity financing round led by Canaccord Genuity Corp. and its valuation rose from $30 million to $430 million. The funding will be used to fuel a global growth plan and diversification strategy.
“It was important for us to partner with a market leading innovative payments partner. Processing.com has exceeded our expectations, and it is refreshing to collaborate with such a partner to provide this much needed solution to our customer base. We believe that this partnership will be a further catalyst to our already exceptional growth,” said Cole Diamond, Chief Executive Officer, Coinsquare.
Coinsquare is a Canadian cryptocurrency exchange that offers trading in Bitcoin, Bitcoin Cash, Ethereum, Dash, Dogecoin, Litecoin for CAD, USD, EUR, GBP, AUD and silver and gold. It has over 100 000 customers, 90 staff members and stores 98% of the client funds offline, which makes it pretty secure.
Processing.com is a payments solutions provider that focuses on providing the e-commerce business with online payment solutions and services in multiple currencies across the world.