Wednesday, June 24, 2015

Cryptocurrency Processor Vogogo Closes $12.5 Million

Vogogo is a payment processor which is not strictly focused on cryptocurrency, but more on its clients. Its other offerings include know-your-customer and anti-money-laundering services for firms transacting in Bitcoin and in general. The company could represent a real disruption for the industry if it starts to gain traction, moving in on the business of companies like CoinBase and BitGo. Today Vogogo announced that it has closed an oversubscribed 12.5 million dollar funding round which was led by a few traditional financial firms: Salman Partners Inc., Clarus Securities Inc. and Beacon Securities Limited. The new funds will be used to […]

The post Cryptocurrency Processor Vogogo Closes $12.5 Million appeared first on CCN: Financial Bitcoin News.

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