Montreal payment service provider DebitWay has signed up Cryptsy to be its latest cryptocurrency customer.
Operated by Florida-based Project Investors, Inc, Cryptsy is an exchange for cryptocurrencies that includes Bitcoin and hundreds of alternative currencies (altcoins).
DebitWay has in the past successfully partnered with remittance, social Gaming and telecom online merchants, and recently widened its focus to include the digital currency industry. Cryptsy joins Expresscoin, QuadrigaCX and CoinRNR as digital currency enterprises that have signed up to the Canadian payment service.
Founded in 2013, Cryptsy has grown rapidly to 230,000 registered users and over 300,000 trades per day. “We set out to make it safe and easy for users to trade digital currency. Our success and growth is a direct indication that people are interested and passionate about the future of coinage,” commented Cryptsy CEO Paul Vernon.
Like other Canadian payment service providers, DebitWay uses Canadian payment protocol INTERAC online payment (IOP) which permits members to “transact with impunity, bereft of any identify theft threat.” “One of the beautiful things about IOP is that no personal information is ever transmitted over the internet” states Senior Software Developer Jonathan Arias who goes on to add that “any information transmitted across the DebitWay server is encrypted and is protected with the best encryption software in the industry – SSL”
DebitWay’s IOP is for Cryptsy a step towards international direct debit transactions. Cryptsy will look at utilizing DebitWay’s Direct Debit Transfer (DDT) in order to secure worldwide real-time cash transactions. “Cryptsy is dedicated to mediating digital currency trades amongst peers; DebitWay is dedicated to helping eMerchants reach as many users worldwide as possible. It is a perfect match,” adds Cryptsy Director of Business Development & Production, Rod Tomita.