Canadian digital currency trading platforms Coinsquare has partnered with Processing.com, a payment solutions provider, to offer its consumers fast and secure payment processing by debit and credit card for major digital currencies.
Under the agreement, Processing.com will facilitate online payments functionality for Coinsquare clients to buy digital currencies such as Bitcoin, Ethereum, Dash, Litecoin, Dogecoin, and Bitcoin Cash with their credit or debit cards instantly.
Coinsquare CEO Cole Diamond said: “Processing.com has exceeded our expectations, and it is refreshing to collaborate with such a partner to provide this much needed solution to our customer base. We believe that this partnership will be a further catalyst to our already exceptional growth.”
Processing.com chief revenue officer James Bergman said: “As digital currencies increasingly make their way into the mainstream conscious, service providers have a responsibility to ensure the broader public can access the rapidly growing Blockchain ecosystem. Processing.com is proud to facilitate fiat currency payments of digital currencies for the general public through Visa and MasterCard transactions.”
Coinsquare’s platform operates on a 100% proprietary system and holds 98% of assets in cold storage. Processing.com will allow Coinsquare’s customers to buy and sell altcoins without the need for digital wallets and digital coin conversions.
Coinsquare currently facilitates approximately $5Bn per annum of digital currency trades.