Fintech & Ecommerce

Worldpay from FIS teamed up with crypto exchange

New partnership taps into Worldpay’s experience working with crypto exchanges

Worldpay

Worldpay from FIS teamed up with crypto exchange. Source: facebook.com

Worldpay from FIS has partnered with cryptocurrency platform OKCoin to provide global merchant acquiring and foreign exchange services.

OKCoin is a global exchange that enables customers to transfer between crypto and fiat currency into Bitcoin, Ethereum and 25+ other cryptocurrencies, as well as earn yield via staking on DeFi protocols.

According to the press release, the exchange will leverage Worldpay’s global scale and foreign exchange services. That would enable smooth credit and debit card payments for customers to purchase crypto.

The partnership is expected to help OKCoin expand into new markets while providing reporting, analytics and fraud monitoring, with high authorization rates.

Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem. 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. Interest in cryptocurrencies has never been greater and making exchanges more accessible to consumers by enabling global card-to-crypto payments is now more important than ever
Jason Pavona, General Manager for North America, Worldpay Merchant Solutions at FIS

We’ve reported that Visa announced the acquisition of Currencycloud, a global platform that enables banks and fintechs to offer foreign exchange solutions for cross-border payments.

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