Cryptocurrency payment platform GoCoin and loyalty program provider Ziftr have completed a merger agreement.
The combined company, carrying the GoCoin brand, will offer merchants a unified checkout system that processes digital currency and credit card transactions in compliance with PCI security standards and provides a hybrid wallet giving consumers the choice of paying with VISA, Mastercard, Blockchain currencies or loyalty coupons and points.
GoCoin reported that it recently crossed two major thresholds, processing its one millionth Blockchain payment and achieving its first cash flow positive month.
GoCoin co-founder and CEO Steve Beauregard commented:
In the second half of 2015, we saw 40% month-over-month top-line growth. Combining with Ziftr positions GoCoin to drive revenues through profitable merchant services beyond digital currency payment processing.
The combined company will focus on integrating Ziftr’s credit card processing capabilities, mobile wallet and customer loyalty program into GoCoin’s blockchain payment platform and rolling it out to GoCoin’s current merchant base.
Bob Wilkins, CEO of Ziftr, said:
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. 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.
In addition to bitcoin, GoCoin processes Litecoin, Dogecoin, Tether and other alternative cryptocurrencies.