• Home
  • Bitcoin
  • Ethereum
  • Press Releases
Facebook Telegram
Facebook
Baffic
Submit Press Release
  • News
  • Bitcoin
  • Ethereum
  • Press Release
  • Facebook
  • Google News
Baffic
Voyager Digital acquires Coinify, a crypto payments company, for $85 million
Voyager Digital acquires Coinify, a crypto payments company, for $85 million
News

Voyager Digital acquires Coinify, a crypto payments company, for $85 million

By Andy JoshAugust 2, 2021
Share
Facebook Twitter LinkedIn Telegram WhatsApp

Voyager Digital Ltd., a crypto asset trading firm has arranged to acquire Coinify for $85 million in cash and stock.

Coinify is a Denmark-based crypto payment platform that was founded in 2014. Its crypto payments infrastructure allows merchants to accept digital assets while receiving payments in traditional currencies. It supports more than 20 fiat currencies and is available in Europe, Asia, North America, and South America.

In a statement on Monday, the company announced that it would issue 5.1 million shares of its stock to Coinify investors and also $15 million in cash. According to the agreement it would retain $5.5 million in cash in Coinify’s Balance Sheet.

The acquisition of Coinify helps Voyager in expanding its capabilities and providing crypto users access to cross-border payments. Voyager co-founder and CEO Stephen Ehrlich said:

“As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager’s digital asset ecosystem”.

It further added, “We believe the USDC stablecoin is the best stablecoin on the market and that customers want to receive payments in that”.

The price of Voyager Token has increased considerably from $0.5 on Jan 1 to $6.97 in February, after it announced many acquisitions and mergers. The price of Voyager Token has increased by more than 3% since it announced its acquisition of Coinify.

Coinify Crypto IPO stablecoin
Share. Facebook Twitter LinkedIn Telegram WhatsApp

Related Posts

Google launches Google Cloud Digital Assets Team to provide blockchain facilities to its users

January 28, 2022

SEC conducting an inquiry into crypto lending products by Gemini, Celsius and Voyager

January 27, 2022

Valkyrie files with U.S. SEC to trade ETF with exposure to Bitcoin mining firms on Nasdaq

January 26, 2022

Regulatory authorities of Thailand believe the use of digital assets as a payment tool could pose risk

January 25, 2022

Russian crypto exchange Latoken breached by a hacker posting allegations that the exchange is a scam

January 24, 2022

Despite a dip in BTC value, MicroStrategy’s CEO won’t sell his firm’s $5-billion stash

January 20, 2022

Comments are closed.

Advertisement
Latest Press Releases

TUSD Announces New Domain Name While Continuing to be a Top Stablecoin with its Three Core Competencies

May 12, 2022

Lina Valentina’s “No More” NFT Collection Denounces Domestic Violence

May 11, 2022

Spells of Genesis Delivers A New Metaverse Experience With Its Unique Showroom On CryptoVoxels

May 10, 2022

Type above and press Enter to search. Press Esc to cancel.