GoCoin, Ziftr announce completion of merger agreement
International blockchain payment platform GoCoin and mobile wallet and payment processing company Ziftr announced last week that they have completed their merger agreement.
The merged company, to be known as GoCoin, will offer merchants an integrated checkout system that processes credit card and cryptocurrency transactions in compliance with PCI security standards.
GoCoin will also offer a hybrid wallet that will give consumers the choice of paying with MasterCard, VISA, blockchain currencies or loyalty coupons and points.
The company recently crossed two major thresholds – in just under two years, GoCoin processed its one millionth blockchain payment and achieved its first cash flow positive month.
“In the second half of 2015, we saw 40% month-over-month top-line growth,” said GoCoin co-founder and CEO Steve Beauregard in the press release sent to CoinReport. “Combining with Ziftr positions GoCoin to drive revenues through profitable merchant services beyond digital currency payment processing.”
GoCoin will now focus on unifying Ziftr’s mobile wallet, customer loyalty program and credit card processing capabilities into its blockchain payment platform to make them available to an existing user base of more than 12,000 merchants.
“By adding Ziftr’s technology to GoCoin’s existing payment platform, we’re providing merchants with a highly secure solution that allows them to accept digital currency and credit cards at a low rate and incentivize their customers with a rewards system based on blockchain technology,” said Bob Wilkins, CEO of Ziftr in the press release. “Consumers, on the other hand, will be able to store their payment methods in our mobile wallet for anytime access, and then view these payment methods all in one place once they’re ready to make a transaction.”
“We’re excited to bring to the financial technology market the first full-featured platform that truly has what it takes to bring digital currency into the mainstream,” added Wilkins.
One of the three major blockchain payment processors and the only one processing litecoin, dogecoin, tether and new experimental coins in addition to bitcoin, GoCoin processes over 90,000 monthly blockchain transactions, benefitting from a healthy pipeline of more than 150 signups per week. The company has attracted marquee brands like PayPal, Shopify, RE/MAX UK and CheapAir. Based in Los Angeles, GoCoin has recently gained traction with entertainment companies like LIONSGATE Films and MovieTickets.com.
Image via GoCoin’s earlier press release