Voyager is in the digital currency news lately, being established as a brokerage startup that helps users find the best prices for Bitcoin and other crypto assets in an easy way. Founded by the co-founder of Uber, the brokerage has recently gone public in Canada and is listed on the Toronto Venture Exchange (TSX-V) through a reverse merger that is reportedly worth $60 million.
The privately held company was in fact co-launched between the ex-CTO of Uber Oscar Salazar and his publicly traded company UC Resources Ltd. on one side – and a former mineral exploration company, which led to a newly merged venture that is dubbed Voyager Digital (Canada) Ltd.
Voyager is now trading on the TSX Venture Exchange. For us, going public just made sense to bring transparency to our business and promote it across this emerging and thriving sector. Learn more about why we chose to go public and join us in our journey. https://t.co/FoTnrHhsaY pic.twitter.com/DwAuTLlG6G
— Voyager (@investvoyager) February 11, 2019
The new company is now listed on the TSX Venture Exchange under a symbol VYGR.V since February 11th.
The CEO at Voyager, Stephen Ehrlich, recently commented the decision to go public and how it brings “a high level of trust” to their customers. As he said:
“By becoming a publicly traded entity, Voyager allows the traditional investing community to tap the public markets for exposure to this important asset class and financial utility that is built upon the technology of the future.”
He also noted that this type of exposure will help people get comfortable with the crypto market and likely become a part of its widespread adoption.
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“By using Coinify, we are not running into the knife. It is still not clear to me how blockchain is any better than other database technologies. The transactions are so far more expensive and slower than a normal payment method. Decentralization brings only cumbersome improvements. None of the blockchains scale enough. But maybe I have not invested enough time and therefore understand too little how the blockchain ecosystem works.”Herren said that the decision comes after the prolonged bearish correction on the market where most of the crypto assets lost nearly a third of their value. Despite the fact that investors didn’t really get scared of the decline in prices, institutional adoption is still uncertain regarding making more profits. For example, back in 2018 in June, the Expedia hotel booking platform deleted Bitcoin out of their options and in the same year couple of months back, Reddit also stopped accepting cryptocurrency for its gold membership plans. Years back, Bitcoin became popular because of its attractiveness as a cheaper alternative for expensive payment processors. But as the technology got more popular, the network was unable to handle a higher number of transactions such as Visa or MasterCard and that’s why retailers didn’t choose crypto for making transactions. The Swiss retail giant brings bitcoin back into the retail game. However, traders who are into crypto or those who just hold on to it for better days can now use their coins to purchase something from the retail platform.
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