GoCoin, a Los Angeles-based bitcoin payment processor, has signed a strategic merger agreement with Ziftr, a New Hampshire-based mobile wallet, e-commerce loyalty and credit card processing company.
GoCoin is a blockchain payment processor that has over 7,500 merchants and a pipeline of over 500 new signups monthly. It maintains offices in Singapore, London, Douglas and Santa Monica.
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Ziftr CEO Bob Wilkins said: "Ziftr has many of the necessary assets to accelerate mainstream adoption of digital currency, so merging with GoCoin and gaining access to its rapidly growing network of merchants gives our combined altcoin-friendly company the power to truly disrupt the $20 trillion global payments market.
"Our platform will allow merchants of all sizes to benefit from the transparency and efficiency of blockchain payments by giving them a better solution than what’s currently available."
Ziftr has recently launched ZiftrPAY, a cryptocurrency and credit card payment platform as well as ZiftrCOIN, a coupon coin designed to bridge the gap between cryptocurrencies such as bitcoin and mainstream customers.
The company also offers ZiftrWALLET, a mobile cryptocurrency wallet that stores multiple cryptocurrencies and embeds credit card payments.
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By GlobalDataTogether, these firms aim to aggressively take on Stripe as a hybrid traditional and digital currency payments powerhouse by offering merchants a richer digital currency payment and loyalty experience for their customers.
