Vogogo, a cryptocurrency payment specialist, has announced a partnership with the US-based payment processor Knox Payments to extend its compliance and risk management platform to the US market.
The partnership allows Vogogo to offer its US-based merchants multiple real-time fiat payment options, while existing merchants can use a single technical integration to accept fiat payments from both Canada and the US.
It also enables Knox to participate in the US cryptocurrency industry, which has been the company’s strategic target market.
Geoff Gordon, CEO of Vogogo, said: "This agreement represents a significant milestone in that Vogogo is now positioned to address the substantial US market.
"We will continue to execute the US expansion strategy as planned and maximize business development opportunities in the coming months."
Tommy Nicholas, president of Knox, said: "We are very excited to be working with Vogogo and together look forward to aggressively entering a market that is already substantial yet still in its infancy."
Vogogo plans to launch beta US processing in the coming month.