01:26:12 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Vogogo Inc
Symbol VGO
Shares Issued 39,552,791
Close 2014-12-04 C$ 2.72
Market Cap C$ 107,583,592
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Vogogo wins two contracts from Bitcoin exchanges

2014-12-05 11:29 ET - News Release

Mr. Geoff Gordon reports

BITCOIN EXCHANGES ANXPRO AND ROCK TRADING INTEGRATE WITH VOGOGO

Vogogo Inc. has signed contracts with Bitcoin exchanges Mega Idea Holdings Ltd. (ANXPro) of China and the Rock Trading Company of Malta.

ANXPro and Rock Trading will integrate with Vogogo's payment processing and risk management platform to enable each to offer users of their respective platform's seamless transactions between Bitcoin and fiat currencies in the United States and Canada, with the European Union expected in the first quarter of 2015.

The ability to transact with traditional banks has been a major hurdle for crypto businesses to date, and is seen by many as critical to the widespread adoption and proliferation of digital currencies.

Vogogo will continue to test and scale its U.S.-based payment processing and risk management platform through the remainder of fourth quarter 2014, anticipating reaching commercial trading volumes in first quarter 2015.

Vogogo chief executive officer, Geoff Gordon, said of the announcement: "We are immensely excited to integrate these innovative Bitcoin exchanges and continue to execute on our planned expansion strategy. We look forward to helping these exchanges successfully grow their services on a global level and facilitate their seamless access to fiat payment options. With Vogogo providing sophisticated risk management and compliance, exchanges such as these have the freedom to focus on their technology and building their respective businesses."

"One of the critical roles we play is to lower the barriers to Bitcoins and other cryptocurrencies by increasing ways for consumers to acquire and access cryptocurrencies," said Ken Lo, CEO of ANX. "Integrating Vogogo with the series of platforms we have enables us to extend our services to local communities across the U.S. and Canada, and by doing so we can facilitate more transactions in U.S. dollars and Canadian dollars to meet all their cryptocurrency trading needs."

About ANX

ANXPro offers an easy, secure and affordable platform to buy and sell the Bitcoin cryptocurrency. ANXPro offers a 24-hour on-line exchange that provides the automated matching of orders between its registered members, and it strives to be your Bitcoin connection by making the experience as effortless as possible.

The parent company (ANX, formerly known as Asia Nexgen) was established in July, 2013, and is legally registered and based in Hong Kong. ANX has grown to be one of the most used Bitcoin exchange platforms and it is now one of the top six largest Bitcoin exchanges in the world by volume.

It is ANX's mission to promote a healthy ecosystem by providing value-added Bitcoin exchange services to the public. ANX is also lowering the barriers to Bitcoin and other cryptocurrency adoption by increasing ways for consumers to acquire and access them. ANX introduced the world's first physical Bitcoin retail store, the world's third Bitcoin ATM machine, a multicurrency on-line Bitcoin exchange platform and mobile apps for cryptocurrencies, as well as launched the world's first Bitcoin debit card.

About the Rock Trading Company

Born in 2007, the Rock Trading is a Maltese-based exchange focused on digital currencies. It was one of the first digital currency exchanges in the world to make trading available with Bitcoin, starting in June, 2011. The platform now also includes the Ripple protocol.

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