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Enter Symbol
or Name
USA
CA



Vogogo Inc
Symbol VGO
Shares Issued 47,666,044
Close 2015-10-06 C$ 0.95
Market Cap C$ 45,282,742
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Vogogo expands integration with Digatrade

2015-10-07 08:22 ET - News Release

Mr. Geoff Gordon reports

CRYPTOCURRENCY EXCHANGE DIGATRADE(TM) LAUNCHES GLOBAL CARD-BASED TRANSACTIONS POWERED BY VOGOGO & BIT TRADE AUSTRALIA LAUNCHES IN CANADA

Vogogo Inc. has expanded the integration of its proprietary compliance, risk management and payment processing platform with Digatrade, a digital asset (bitcoin) exchange, wholly owned by Vancouver-based BIT-X Financial Corp. Vogogo also announced the integration and live activation of its platform with Australia's leading bitcoin exchange, Bit Trade Australia.

Digatrade Launches Global Card-based Transactions with Vogogo

The proprietary Digatrade trading platform, which is powered by technology from existing Vogogo client, Hong Kong-based ANX, already allows people from around the world to trade the cryptocurrencies bitcoin, Dogecoin, Litecoin, Ripple, and Stellar for Canadian dollars and vice versa.

As a result of a broader integration with the Vogogo platform, Digatrade is now able to process customer deposits via credit cards globally including Canada, the United States, the United Kingdom and all 28 countries in the European Union in local currencies.

Brad Moynes, chief executive officer of Digatrade, said, "Enabling instant payment mechanisms such as U.S.-dollar deposits via credit cards is not only a competitive advantage for Digatrade but furthermore, it eliminates the delays and complexities traditionally experienced by customers wanting to purchase bitcoins via an on-line exchange venue."

"Vogogo has enjoyed a great working relationship with Digatrade and is pleased to be able to facilitate its expansion and enable it to offer highly competitive services to its client base such as global currency support," said Vogogo CEO, Geoff Gordon. "A key part of our ongoing business development strategy is to broaden our service offering with the many leading cryptocurrency groups we are already engaged with and this is a great early example of that endeavour."

Bit Trade Australia launches in Canada

The integration of the Vogogo platform enables Bit Trade to launch its Canadian exchange, Bit Trade Canada, and begin on-boarding Canadian customers for its fixed rate exchange service. Canadians can now initiate accounts at Bit Trade using Interac and electronic funds transfer (EFT).

Established in 2013 in Sydney, Australia, Bit Trade is the country's oldest and most established digital currency exchange with a total trading volume of more than $26-million (Australian) since its launch.

Vogogo expects to derive revenue from the integrations in line with its established business model.

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