Vogogo provides risk management, security, compliance and payment services, enabling crypto-currency businesses to transact with traditional banks and Fiat currencies. Vogogos technology and services enable crypto-currency businesses to meet strict compliance and risk mitigation requirements of conventional banks and regulators. To date, Vogogo has processed more than USD 1 billion in US and Canadian payments.
The company hopes that the investment will help legitimise Bitcoin in the payments field. The US expansion is expected to go live in a few months and they will further expand into the EU.
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