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