Calgary’s Redfall Technologies Inc.(a.k.a Vogogo) has raised $8.5 million in funding for its Bitcoin risk management services.The company raised the money from Cormark Securities Inc., Salman Partners Inc., Clarus Securities Inc., Beacon Securities Limited and Canaccord Genuity Corp.Vogogo provides comprehensive risk management, security, compliance and payment services, enabling cryptocurrency businesses to work with traditional banks and Fiat currencies more easily.Transacting with traditional banks has been a major hurdle for crypto businesses to date, said Vogogo, and is seen as critical to the wide spread adoption and proliferation of these innovation technologies.It said its technology and services enable crypto currency businesses to meet strict compliance and risk mitigation requirements of conventional banks and regulators.With effective risk management, compliance, and security in place, Vogogo has “assisted in making Canada a reputable region for crypto businesses.” Vogogo has already initiated an expansion into the US and it said that will be complete in a matter of months.

As for Canada, it claimed that it “captured and effectively services the Canadian crypto industry.” “This is a another milestone for Vogogo and an endorsement of our potential,” said CEO Geoff Gordon.“The ability for the global crypto industry to meet the stringent requirements of regulators and traditional banks is one of the most significant challenges for the crypto space.Vogogo unlocks potential for growth, collaboration and innovation in the crypto space.” Vogogo was founded in 2008, when its team designed, built and launched a web-based payment processing technology.They already had expertise in software development, payments, risk management, and related financial services.The technology was developed to support multiple electronic payments for both the U.S.and Canadian markets and initially started out with integration into several large web based (E-commerce) businesses.To date, Vogogo has successfully processed more than $1B in US and Canadian payments.

Custody Services We are held to the highest level of capital reserve requirements and banking compliance standards.Custody Accounts Created with Sketch.Marketplace Trade bitcoin and ether across three order books with six different order types, including daily two-sided bitcoin auctions.Trading on Gemini Created with Sketch.Regulatory Oversight The first U.S.exchange licensed for bitcoin and ether trading.We are regulated as a trust company by the New York State Department of Financial Services (NYSDFS).Regulation and Compliance Created with Sketch.Buy Flexepin vouchers with Cash or Debit at 100+ retail locations in Calgary.Alternatively, you can buy Flexepin vouchers online.You can then use the Flexepin voucher to buy Bitcoin.Memory Express just added a Bitcoin ATM :) (self.Calgary)submitted by Not sure what the fees are like but it's good to know.Welcome to your place to connect.Find the location closest to you!Your Location (City or Postal Code) Select Radius 10 km25 km50 km100 km200 km Bitcoin ATM Drive Thru Free Wifi Key Cafe Meeting Room Open Late

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Cancel Yes Are you sure you want to delete this memo?Cancel Yes You could update your browser right here: Google ChromeCanada’s first Bitcoin “gift card” was launched this week in Edmonton, the aim being to make it easy for first-time buyers who want to invest in the digital currency but don’t know where to start.Calgary-based company Bitcoin Ventures launched “CoinTap,” a pre-paid access card used to redeem Bitcoin, on Wednesday at Edmonton’s Remedy Café—one of a growing number of Canadian establishments that accept Bitcoin as currency.nyse bitcoin price indexA card retails for $55.50, which redeems $50 in Bitcoin (at market rate) on CoinTap’s website.bitcoin bittrexAn individual can redeem up to $1,000 in cards per day—the equivalent of about one Bitcoin.bitcoin kraken price

“Once you’ve redeemed your Bitcoins at Cointap.co, you can buy things with Bitcoins, trade them, sell them, hold onto them as an investment, or keep them in your electronic wallet for a rainy day,” says Bitcoin Ventures president Ashley Fulks, who co-founded the company last year.Bitcoin is a decentralized payment network that runs on the Internet and does not require a third-party middleman such as a bank, PayPal, or Visa.mine litecoin or dogecoinIt generates and uses Bitcoin as a currency, which can be exchanged for virtually any other kind of money.bitcoin calgaryThe crypto-currency—once sidelined to the outer reaches of the tech world—started making mainstream inroads in 2013.bitcoin 7 elevenUsers say it offers privacy from government intrusion and lowers transaction costs (about 1 percent vs.bitcoin december 2013 crash

2-4 percent for most major credit cards).It also affords long-term protection of loss of purchasing power from inflation because Bitcoins are finite—only about 21 million will ever be released.Critics, however, say Bitcoin is a speculative currency that is highly volatile and prone to crashes and bubbles.It also cannot be recovered if stolen or lost, making it vulnerable to hacking and cyber-attacks.Because it is untraceable, the currency has been used in Internet black market transactions such as for weapons or drugs, making it controversial.The world’s first Bitcoin ATM went online last year at a Vancouver coffee shop.The price for the currency has risen more than 400 percent since that time—hitting highs above $1,200 last month.“We believe Bitcoin is going to change the world in a good way by creating new markets and technologies to solve problems,” says Fulks.“We are excited that Canada is so Bitcoin-friendly.We are getting a leg up on our competition by being the first to operate in Canada.” Selling items for Bitcoin is an emerging trend on websites such as Kijiji or Craiglist, where private sellers seek payments in the currency over cash, although some will accept either.

Last year, an Alberta man made headlines when he put his $400,000 house on the market for 5,750 bitcoins, while a Metro Vancouver woman recently advertised her used car for 8 bitcoins—about $7,280, or $910 per Bitcoin.The currency is also being traded at an increasing number of brick-and-mortar stores in Canada and around the world.Vancouver-based Bitcoin Co-op, an advocacy group that offers Bitcoin tutoring and business consultation, supports a diverse membership of businesses including coffee shops, tech dealers, restaurants, personal trainers, dentists, and travel agents.“A growing number of businesses are accepting Bitcoin for payment,” says the co-op’s website.“Why wouldn’t they, when it’s cheaper than other electronic payment methods and exposes them to an enthusiastic market of technologists and idealists who are eager to spend their Bitcoins in the local economy?” Online retailers are also jumping on the trend. became the largest merchant in the world to accept Bitcoin as payment.