Cryptocurrency commutation Okcoin has selected merchant service provider Worldpay to aid in its expansion efforts, which includes bringing crypto-to-crypto payments to a global audition.

Okcoin will leverage Worldpay's foreign substitution services, assuasive customers to purchase cryptocurrency with credit and debit cards. Jason Lau, Okcoin's main operating officer, said his firm selected Worldpay for its all-encompassing feel working with cryptocurrency exchanges. He further explained:

"As nosotros actuate new markets and local currencies, opening upwards new channels of payments volition play a fundamental role in our growth, as well as the overall cryptocurrency manufacture."

Related: 40% intend to use crypto for payments in the side by side year: Mastercard survey

Jason Pavona, the full general manager for Due north America at Worldpay Merchant Solutions, described his company's feel working with crypto exchanges:

"For the past viii years, nosotros accept worked with some of the earth's biggest crypto exchanges, building solutions to open bill of fare payments and payouts to consumers using crypto exchanges."

Pavona also indicated that "interest in [cryptocurrencies] has never been greater."

Related: BlackRock CEO signals depression demand for crypto from long-term investors

Worldpay is wholly endemic past FIS, a publicly-traded technology and merchant service provider. FIS is both a Fortune 500 company and a fellow member of the big-cap S&P 500 Alphabetize. The company processes more than than $2 trillion in annual transactions.

Cryptocurrency exchanges accept seen a large increase in new users over the by year, with several joining the coveted unicorn category – a term that describes startups with a valuation of at least $i billion. Equally Cointelegraph reported, derivatives exchange FTX recently smashed a new crypto funding record, bringing its total valuation to $18 billion. Meanwhile, a pair of Latin American exchanges – Bitso and Mercado Bitcoin – have seen their valuations grow beyond $2 billion.