OKCoin partners Worldpay to expand global merchant acquiring
Cryptocurrency platform OKCoin has selected Worldpay as its global merchant acquiring and foreign exchange partner.
OKCoin offers transactions in 25 digital currencies
OKCoin is an exchange that enables customers to move crypto and fiat currency into Bitcoin, Ethereum and more than 25 other cryptocurrencies.
Worldpay says the exchange was looking for “a proven and experienced partner” to make card-to-crypto payments easier for its global customers.
It adds that OKCoin can now “seamlessly expand into new markets” while providing superior reporting, analytics and fraud monitoring, with high authorisation rates.
“Our mission is to enable seamless transition between local currencies and cryptocurrencies,” says OKCoin COO Jason Lau.
“Worldpay’s extensive experience in the industry is helping us in that goal through card payments across all other markets.”
Worldpay is operated by FIS, which claims to process $2 trillion in transactions annually across more than 100 countries.
“Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem,” says North America general manager at FIS, Jason Pavona.
“Interest in cryptocurrencies has never been greater, and making exchanges more accessible to consumers by enabling global card-to-crypto payments is now more important than ever.”
