Crypto exchange OKCoin Selected FIS subsidiary Worldpay to Assist In World Expansion

By Shannon Wilson | July 22, 2021
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Crypto exchange entity OKCoin has reportedly tasked merchant service provider Worldpay for the assistance in its plan for widening its presence, rolling out crypto-to-crypto payments internationally. 

Specifically, OKCoin will reportedly utilize Worldpay’s foreign exchange offerings, making it possible for its clients to finalize crypto acquisition, via credit and debit cards. 

Jason Lau, Chief Operating Officer at OKCoin, reportedly disclosed that the company has decided to go with Worldpay, due to the broad expertise it possesses, regarding dealing with crypto exchanges. 

“As we activate new markets and local currencies, opening up new channels of payments will play a key part in our growth, as well as the overall cryptocurrency industry.” He provided further explanation. 

Jason Pavona, the general manager for North America at Worldpay Merchant Solutions, reportedly offered an additional insight to the firm’s experience, in terms of collaborating with crypto exchange entities. 

“For the past eight years, we have worked with some of the world’s biggest crypto exchanges, building solutions to open up card payments and payouts to consumers using crypto exchanges.”

Pavona additionally shared his belief that the level of interest crypto is reeling in at the moment is at an all-time high. 

Worldpay is entirely in the possession of FIS – a publicly-traded tech and merchant service provider. FIS secured a spot in the list of Fortune 500, and is a member of the large-cap S&P 500 Index. The firm has completed processing over $2 trillion in year-by-year transactions.

Crypto exchange has reportedly witnessed a surge in new users throughout the past year, with numerous names becoming a part of the coveted unicorn category – a term granted for entities to startups having a minimum valuation of $1 billion. 

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