WonderFi's Bitbuy Offers Apple Pay for Cryptocurrency Purchases in Canada for Account FundingWednesday, November 8, 2023
Vancouver, BC, November 8, 2023--(T-Net)--WonderFi Technologies Inc. (TSX: WNDR) announced that its wholly-owned subsidiary, Bitbuy Technologies Inc., is offering Apple Pay for cryptocurrency purchases in Canada starting today.
This gives customers an easy, secure and private way to pay in apps or on the web in Safari using their iPhone, iPad, or Mac.
Through this recent integration, Bitbuy users can securely use Apple Pay to acquire Bitcoin, Ethereum, and 37 other cryptocurrencies directly on the Bitbuy platform.
Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers.
Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Every Apple Pay purchase is secure because it is authenticated with FaceID, Touch ID, or device passcode as well as a one-time unique dynamic security code.
"The introduction of Apple Pay underscores Bitbuy's dedication to streamlining a secure and private purchasing process for our users," notes WonderFi President and CEO Dean Skurka. "We understand the significance of providing a variety of payment options to meet the changing requirements of our current user base."
Bitbuy customers can now log in to their accounts on the web or mobile app, select 'Deposit CAD with card', then check-out with Apple Pay to fund their account. For the first month, there will be no fees charged by Bitbuy for customers who fund their account with Apple Pay.
With over 900,000 registered Canadian users Bitbuy is one of the largest crypto-trading platforms in the country. The platform caters to both retail and advanced traders, as well as high-net-worth and institutional clients, providing them with comprehensive trading and staking services.
With the integration of Apple Pay, Bitbuy now offers more payment options in the Canadian market further enriching Bitbuy's existing range of funding choices, which includes Visa and MasterCard Debit, Wire Transfer and Interac e-Transfer.
WonderFi owns, operates, incubates, and invests across the global digital asset ecosystem. They own and operate two of Canada's most well-known and established crypto trading platforms Coinsquare and Bitbuy, as well as SmartPay, a global crypto payment processing platform. WonderFi is also the largest shareholder of Tetra, a leading Canadian digital asset custodian.
With a collective user base of over 1.6 million registered Canadians and a combined assets under custody exceeding $800 million, WonderFi boasts one of the largest communities of crypto investors within a single regulated ecosystem in Canada.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. [ MORE ]
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. In this news release, forward looking-statements relate to, among other things, statements relating to the timing for the completion of the Offering and Concurrent Block Trade, the expected use of proceeds from the Offering, and the ability of the Company list the Warrants. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "estimated", or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions.
Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; and changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither NEO Exchange nor its Regulation Services Provider (as that term is defined in policies of the NEO Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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