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World's first true peer to peer currency exchange adds three new currencies

22 May 2014 16:07


Midpoint Holdings Ltd. (“Midpoint”) (TSXV: MPT) is pleased to announce that its wholly-owned operating subsidiary, Midpoint & Transfer Ltd., based in the United Kingdom has added three new currencies. Midpoint, which operates the world’s first true peer to peer foreign currency payments service, has added the Danish Krone, Norwegian Krone and Swedish Krona to its matching (netting) platform. It currently offers the service in CAD, USD, EURO, British Pound and Swiss Franc.

John Booth, Chairman & CEO of Midpoint, said, “We are delighted to add the new currencies to our platform. The addition of the Scandinavian currencies helps increase our geographical reach within the Eurozone whilst facilitating cheaper cross border payments to millions more people.”

Midpoint reported over 300% growth in transaction volume in Q3 ended March 31, over Q2 which in turn had a similar growth over Q1.

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