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“Worldpay has a lot of experience helping cryptocurrency exchanges navigate the difficulties of the global payment ecosystem,” said Jason Pavona, a general manager at Worldpay Solutions.
OKCoin, a cryptocurrency exchange, has chosen Worldpay as a merchant service partner to help with its expansion plans, which include providing crypto-to-crypto payments to a wider audience.
Customers will be able to buy bitcoin with credit and debit cards thanks to OKCoin’s use of Worldpay’s foreign exchange services. Jason Lau, OKCoin’s COO, said his firm selected Worldpay for its extensive experience working with cryptocurrency exchanges. He further explained:
“As we activate new markets and local currencies, opening up new channels of payments will play a key part in our growth, as well as the overall cryptocurrency industry.”
Jason Pavona, the general manager for North America at Worldpay Merchant Solutions, described his company’s experience working with crypto exchanges:
“For the past eight years, we have worked with some of the world’s biggest crypto exchanges, building solutions to open up card payments and payouts to consumers using crypto exchanges.”
“Interest in [cryptocurrencies] has never been greater,” according to Pavona.
FIS, a publicly traded technology and merchant service provider, owns 100% of Worldpay. FIS is a Fortune 500 firm as well as a large-cap S&P 500 Index member. The corporation handles more than $2 trillion in transactions each year.
Over the last year, cryptocurrency exchanges have seen a significant surge in new customers, with several entering the coveted unicorn category – a designation that refers to firms valued at at least $1 billion. FTX, a derivatives exchange, has set a new crypto fundraising record, pushing its total worth to $18 billion, according to Cointelegraph. Meanwhile, the valuations of two Latin American exchanges, Bitso and Mercado Bitcoin, have surpassed $2 billion.