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Voyager Digital (CSE: VYGR; OTCQX: VYGVF) has partnered with Usio, Inc. to facilitate cryptocurrency payments for merchants. This collaboration allows merchants to accept various cryptocurrencies through the Voyager app, enhancing payment flexibility. The initiative is a response to the growing demand for crypto payment options, supporting up to 60 cryptocurrencies globally. The service is expected to launch in late 2021, leveraging Usio's technology to enable seamless transactions without additional fees or exchange risks. The move reinforces Voyager's commitment to advancing cryptocurrency adoption.
On August 2, 2021, Voyager Digital Ltd. (OTCQX: VYGVF) announced its acquisition of Coinify ApS, a global cryptocurrency payment platform. This strategic move aims to enhance Voyager’s international presence and diversify its product offerings. The acquisition will enable customers to make payments directly from their digital asset accounts, targeting both individual and business users. The deal includes 5.1 million newly issued shares and $15 million in cash, with some shares subject to lock-up agreements. The transaction is expected to positively impact Voyager’s revenue and cash flow.
Voyager Digital Ltd. (CSE: VYGR, OTCQX: VYGVF) announces its participation in Canaccord Genuity's 41st annual Global Growth Conference from August 10-12, 2021. CEO Steve Ehrlich will be featured in a fireside chat on August 12 at 12 PM ET, along with one-on-one meetings throughout the event. Voyager is a leading cryptocurrency platform in the U.S., offering a seamless experience for retail and institutional investors to trade crypto assets competitively. For more information on Voyager's initiatives, visit their website.
Voyager Digital Ltd. announced a significant business update for Fiscal 4Q ended June 30, 2021. The company expects revenues of $103 to $107 million, marking a 65% increase from the previous quarter. Funded accounts surged 146% to over 665,000, while verified users rose 75% to more than 1.75 million. Despite a downturn in crypto market volume since mid-June, Voyager continues to experience net new funded accounts and consistent trading revenues. Additionally, the company repurchased and canceled 247,500 shares as part of its share buyback program.
Voyager Digital has been named the official cryptocurrency partner for the inaugural Players Symposium held in Las Vegas from July 7-9, 2021. The event aims to educate 100 NFL players about wealth-building strategies, including cryptocurrency investment. CEO Steve Ehrlich emphasized the importance of crypto in long-term financial goals. The symposium will feature panels and networking opportunities with industry leaders, including NASCAR Driver Landon Cassill and NFL players like Marquez Valdes-Scantling and Austin Ekeler.
Voyager Digital Ltd. (CSE: VYGR, OTCQB: VYGVF) announced a groundbreaking agreement to sponsor NASCAR driver Landon Cassill, marking the first instance of a NASCAR primary sponsorship fully paid in cryptocurrency, specifically through Litecoin (LTC) and the Voyager Token (VGX). Cassill's #4 car will compete in 19 NASCAR Xfinity Series races this season, starting June 19, 2021. The partnership aims to promote widespread cryptocurrency adoption and showcases Voyager's innovative payment solutions in the sports arena.
Voyager Digital Ltd. (CSE: VYGR, OTCQB: VYGVF) has announced its participation in several investor events throughout June 2021. Key dates include:
- June 8: Oppenheimer's Digital Assets Day
- June 8: 2021 LD Micro Invitational XI
- June 9: Piper Sandler Global Exchange and FinTech Conference
- June 14: Lytham Partners Summer 2021 Investor Conference
- June 17: RBC Capital Markets FinTech Conference
- June 24: Compass Point Crypto Conference
For more details, visit their investor relations page.
Voyager Digital Ltd. (CSE: VYGR, OTCQB: VYGVF) has joined the Blockchain Association, enhancing its role in advocating for cryptocurrency policy and industry standards. The membership will allow Voyager to participate in key discussions surrounding securities, regulation, and DeFi, contributing to the development of influential public policies in the crypto space. CEO Steve Ehrlich emphasized the importance of adapting legal frameworks to meet the industry's needs. Voyager joins other notable members like AAVE and Grayscale, aiming to shape a better regulatory environment for crypto innovation.
Voyager Digital reported outstanding results for Q3 FY2021, achieving total revenue of US$60.4 million, up over 16x from the previous quarter. The company generated its first operating profit of US$30 million, resulting in a 50% operating margin. Notably, the number of verified users exceeded 1.6 million in May 2021, reflecting significant growth momentum. Additionally, the company traded US$5 billion in principal volume during the quarter, a substantial increase from US$350 million in Q2 FY2021. Voyager aims to continue this growth trajectory in future periods.
Voyager Digital (CSE: VYGR, OTCQB: VYGVF) announced significant management changes, including Pam Kramer as Chief Marketing Officer and Akbar Ladhani as Chief Global Data Officer. Both bring extensive experience from notable firms like E-TRADE and Uber. Additionally, Jennifer Ackart and Glenn Stevens have joined the Board of Directors, replacing three outgoing directors. CEO Stephen Ehrlich emphasized the company's capability to scale, leveraging its low customer acquisition costs and first-mover advantage in the crypto market.
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