New York-based bitcoin exchange Celery has integrated the products of Vogogo risk management and bank/payment verification platform to enable Canadian residents to exchange between bitcoin and fiat currencies. Celery was founded in 2013 and has been funded by Draper Associates and BoostVC.
Celery supports more than 10,000 users in the United States and has processed more than $2 million in volume since its launch in early 2015.
Due to its success in the U.S., the company has decided to launch its services in Canada with the integration of Vogogo’s bank verification API and risk-management technologies.
“This release marks the first expansion of Celery outside the U.S. Vogogo’s unified payments, risk and bank verification API enabled Celery’s Canadian integration to be straightforward and exceptionally fast. Snowbirds, Canadian professionals and businesses who make cross-border payments in U.S. and Canada, now have a new and highly-accessible bitcoin-based option,” said Celery co-founder Divya Thakur.
Over the past few months, leading bitcoin startups and exchanges, including BitPay, ChangeTip, Genesis Global Trading and Zinger, have integrated the technologies and APIs of Vogogo to protect themselves from money-laundering attempts with advanced decision-making technology.
“Vogogo continues to position itself as a pivotal partner to the crypto industry’s largest and most influential companies as well as new, smart and dynamic organizations like Celery which are scaling rapidly and experiencing significant growth. We’re immensely excited to be working with each of these groups and helping to solidify the global crypto ecosystem,” said Vogogo CEO Geoff Gordon.
