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Voyager Digital Acquires Payments Platform Coinify

Voyager Digital Acquires Coinify

August 3, 2021

Reading Time: 2 minutes

The crypto investing application, Voyager Digital, has today announced its acquisition of Coinify with a vision to accelerate its international prevalence and improve its payment systems.

Coinify has currently set a base in over 150 countries across Europe, America, and Asia. Voyager intends to improve its business to business capabilities with this new merger.

The CEO and co-founder of Voyager, Stephen Ehrlich, says the firm has been contemplating the best way to enter the payment space for quite some time now. It seems like the chase is over now.

Further, on the matter, Ehrlick is quoted

 saying that Coinify’s acquisition will bring a global payment infrastructure to the company’s digital asset ecosystem to its over 1.75 million users. Fast, easy and secure payments are to be achieved from the new collboration.                             

Why Coinify, and Why Now!

Coinify was founded in 2014 to support buying and selling cryptocurrencies alongside making it possible for businesses to accept payments in virtual currencies. The company currently supports 15 cryptocurrencies and 20 fiat currencies through the company’s API.

Among the factors that motivated Voyager to enter the payment market was the sudden interest in giant payment industries, Mastercard and Visa, in crypto involvement.

Notably, also Ehrlich recalls billionaire Mark Cuban announcement back in March that Dogecoin could be used to pay for tickets and other merchandise on the basket team he owns- Dallas Mavericks.

Voyager’s customer base has grown by 1400% since January 2021, and this new acquisition could only skyrocket its dominance. Least to mention, the company’s zero commission trading model gives it a stronger value proposition than its immediate competitors; Paypal, Square, and Coinbase.

Voyager has consistently had the highest value stock amongst similar crypto companies throughout the year, and we remain excited and enthusiastic about the new milestones probable with the recent merger.

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