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Crypto exchange OKCoin taps FIS subsidiary Worldpay to lead global expansion

July 21, 2021. Summarized by summa-bot.

Compression ratio: 49.1%. 1 min read.

Worldpay will provide OKCoin with key merchant services, enabling a smoother onboarding of new customers.

Cryptocurrency exchange OKCoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audience.

OKCoin will leverage Worldpay’s foreign exchange services, allowing customers to purchase cryptocurrency with credit and debit cards.

Jason Lau, OKCoin’s COO, said his firm selected Worldpay for its extensive experience working with cryptocurrency exchanges.

Jason Pavona, the general manager for North America at Worldpay Merchant Solutions, described his company’s experience working with crypto exchanges:

“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. ”

Cryptocurrency exchanges have seen a large increase in new users over the past year, with several joining the coveted unicorn category – a term that describes startups with a valuation of at least $1 billion.

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