Vogogo Secures Partnership with Knox Payments (TechBUZZ ’13 Summer) to Service Digital Currency Industry
Payment Processor Vogogo has announced a partnership with Knox payments that will allow US clients in the digital currency industry to accept payments from US bank accounts and have access to better commercial banking. The agreement between Vogogo and Knox Payments will combine Vogogo’s Calgary-based regulatory and risk compliance specialist to Knox Payment’s USD and domestic banking networks.
This new partnership will give Vogogo the ability to significantly expand the services they offer within the US while creating a nurturing banking environment for digital currency companies.
Vogogo provides clients with online payment services, and risk management and compliance tools. Gordon believes that the partnership will allow Vogogo to push their US launch by two-four weeks in advance. Knox Payments is very interested in the digital currency industry and seeks to enable better cost efficiency in digital currency transactions. Knox Payments CMO Charles Merritt is personally optimistic about Bitcoin and the partnership with Vogogo, saying that: “Cryptocurrency is the outcome of some very large developments in technology and shifts in how we think about money as a store of value and our hope with Vogogo is to understand a little bit about how that market works.”