Cryptocurrency platform Voyager Digital has been granted an official licensing approval from French regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution to facilitate a trading platform of 60 digital assets in the French and European Union markets under the subsidiary LGO Europe SAS. Voyager, a United States-based, Canadian-listed company under ticker symbol VYGR.V, is reportedly the first organization outside of Europe to be designated a “Fit and Proper” approval status of this kind. In early August, Voyager penned an agreement with crypto payments firm Coinify at an estimated value of $85 million with …

Crypto-asset trading firm Voyager Digital has arranged to purchase payments company Coinify in a deal worth $85 million in cash and stock. In a Monday announcement, Voyager said it would issue 5.1 million shares of its stock — worth roughly $70 million at the time of publication — as well as provide $15 million in cash to Coinify investors. The company said it would retain $5.5 million in cash from Coinify’s balance sheet. The acquisition of Coinify is aimed at helping Voyager expand its capabilities, potentially giving crypto users around the world more options for cross-border payments. Voyager has been …

Galaxus, the largest online retailer in Switzerland, could start accepting payments in a stablecoin issued by local cryptocurrency bank Sygnum. According to an Aug. 27 tweet by Sygnum, the companies have just completed an electronic commerce payment using Sygnum Bank’s stablecoin known as Digital Swiss Franc (DCHF). As officially announced, the e-commerce transaction was enabled by Denmark-based crypto payment processor Coinify. Launched in March 2020, Sygnum’s DCHF stablecoin is pegged one-to-one to with the Swiss franc, and intends to eliminate the need for card systems, reduce settlement costs and fraud, as well as provide instant transactions. As previously reported, Sygnum …

The volume of Bitcoin (BTC) used in commerce has declined significantly over the course of the last year, Bloomberg reports Aug. 1. Citing market research firm Chainalysis, Bloomberg reported that the volume of Bitcoin received by the largest 17 crypto merchant-processing services hit a low of $60 million in May 2018, after reaching a peak of $411 million in September 2017. The use of Bitcoin for payments has declined in tandem with its price, which peaked at almost $20,000 in December 2017 before its subsequent drop of over 50 percent. While the amount received by services such as BitPay, Coinify, …

European digital currency payment provider Coinify has announced a new Certified Payment Service Provider (PSP) partnership agreement with PensoPay, a Danish company providing card acquiring and payment gateway services to online and brick-and-mortar businesses. The agreement, which gives rights to PensoPay to promote, advertise and sell Coinify Merchant Solution, will also enable its clientele to start accepting bitcoin as a payment method with no volatility risk. Ulrik Pilehave, CEO at PensoPay, commented in a release: "We are happy to announce that we have selected the Coinify Merchants Solution as PSP product for our digital currency payments. PensoPay can now offer …

Pioneering European Bitcoin payment facilitator Coinify has announced a multi-million euro funding deal with Danish firm SEED Capital, along with two partner acquisitions, it has announced. The move will see the company’s expansion further into European markets and even further afield into the Middle East courtesy of its acquisition of Bitcoin Nordic, which has been operating as a broker in the space since 2012. Additionally, Coinify has purchased the intellectual property rights to the payment gateway technology as well as all merchant relationships from Danish-based payment provider Bitcoin Internet Payment System. “With the investment and acquisitions, Coinify is now positioned …