PALO ALTO, CALIFORNIA and CALGARY, ALBERTA — (Marketwired) — 05/05/15 — Risk management and payment processing specialist Inc. (“Vogogo”) (TSX VENTURE: VGO) today announced the integration of its proprietary compliance, risk management and payment processing platform with leading Bitcoin exchange .
European-based Bitstamp is currently one of the largest Bitcoin exchanges in the world. The Vogogo platform provides Bitstamp with risk management and payment processing services to support Bitstamp–s clients as they exchange between fiat currencies and Bitcoin. Vogogo is working with Bitstamp on several global initiatives and is now actively supporting Bitstamp–s expansion into the U.S. and Canadian markets, as well as enhancing the exchange–s European service offerings.
Vogogo CEO Geoff Gordon said of the announcement, “Bitstamp is a world renowned crypto exchange and an industry leader. We are honoured to be working with the Bitstamp team and to play our part in enabling and accelerating their global growth. We will continue to provide safe and compliant access to global banking and payment networks allowing Bitstamp to focus on being the very best at their business and a continued leader in the crypto industry.”
BitStamp CEO Nejc Kodric said, “We are thrilled to be working with Vogogo. They allow us to reach more customers while also giving all of our customers the ability to explore a revolutionary new technology in a safe and compliant manner.”
About
Vogogo is a TSX Venture Exchange (“TSXV”) publicly traded payment services company with integrated risk management and compliance. Founded in 2008, Vogogo designed, built and launched its web-based payment processing technology while growing its expertise in software development, payments, risk management, compliance and related financial services. Vogogo is now executing on its plan to serve global markets. The plan focuses on market opportunities where Vogogo believes it has a competitive advantage due to its positioning and technology.
For further company information please view the .
READER ADVISORY
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
None of the information contained on, or connected to, Vogogo–s website is incorporated by reference herein.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements”. The words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.
Contacts:
Geoff Gordon
Chief Executive Officer
403-648-9292
Rodney Thompson
Chief Revenue Officer
403-648-9292
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