Voyager To Allow Users To Buy Stocks With USDC
The cryptocurrency exchange Voyager Digital is looking to provide users access to the more “traditional market”, by allowing them to purchase stocks via USDC. #VGXHeroes must be pleased.
Covered:
- Voyager Plans For Traditional Stocks Purchasing Via USDC
- Voyager’s New Mastercard Debit Card And 2022 Plans
Voyager Plans For Traditional Stocks Purchasing Via USDC
Voyager, one of the top crypto exchanges in the space, plans to allow customers to buy traditional stocks using USDC. According to the exchange, the feature is expected later this year.
Voyager will soon serve as my bank account, stock account, and crypto account.
How many crypto platforms currently offer this?
And of those how many pay 9% APR on $USDC with up to 10.5% if you own $VGX ???
The future is bright for those that believe in Voyager ????
— $LOOKS_Einstein ???? (@LTCFAN1) January 2, 2022
In the report from Bloomberg, the new feature of allowing customers to buy stock with USDC is the direct result of the partnership between Voyager Digital and Market Rebellion that was announced last May. The combined business will handle the traditional equity trades on behalf of Voyager’s handles.
The push from Voyager to move into the traditional equity trading business is an effort to expand. Crypto exchanges are currently seeking ways to diversify their revenue stream. Although FTX.US and Bitstamp USA are currently considering equities trading, Voyager is the first one to announce how and when they plan to do so.
The founder and CEO of Voyager, Steve Ehrlich, commented on customers using USDC to purchase stocks:
“Incorporating stock trading, especially basing it on digital dollars, is a natural extension of what we’re doing, of our value proposition and what consumers are going to want in the near future.”
Additionally, Voyager plans to offer commission-free equity trading to users. However, Bloomberg noted that the interviewed executive refused to comment on the transaction details involving stocks and USDC.
Recommended: USDC Is Killing Tether FUD
Voyager’s New Mastercard Debit Card And 2022 Plans
Over the next eight weeks, Voyager is moving forward with launching their crypto-funded debit card.
Introducing the #Voyager Debit Mastercard® ??
A card that earns like #crypto and spends like cash, all from your Voyager account. Use everywhere debit Mastercard is accepted.
Pre-register today, reserve your card: https://t.co/dtQBqkNBE7 pic.twitter.com/y3SjjZwwwS
— Voyager (@investvoyager) November 16, 2021
They have partnered with Mastercard Inc. and Metropolitan Commercial Bank to delve into this endeavor. The new debit card allows you to spend USDC like cash and empowers users to earn crypto rewards every month. Just for holding, users will be able to earn 9% on USDC.
The crypto exchange continues to plan for major expansion the rest of the year. Other expansion activities include exploring the NFT space and debuting in Europe and Canada. The company has grown tremendously over the past year, increasing their staff from 35 to 275 employees, with plans to recruit up to 400.
If you haven’t started using Voyager yet, now may be the time to do so. Check out our how to guide here.
Recommended: Voyager Uplists To Major Stock Exchange
The post Voyager To Allow Users To Buy Stocks With USDC appeared first on CryptosRus.
Text source: CryptosRus
