Voyager’s Asset Purchase Agreement with Coin America Terminated – Direct Distribution of Cryptocurrency and Cash to Customers through Voyager to Follow

04/26/2023 18:40 • NFT Newsflash • 143 views

According to reports, Voyager, the official cryptocurrency exchange, has received a letter from Coin America terminating its asset purchase agreement. Although this development is disappointing, Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform. We will take swift action now to create value for customers through direct distribution and provide more information in the coming days.

Voyager Received Termination of Asset Purchase Agreement by Coin An USA

In the world of cryptocurrency exchanges, the exchange of keys is paramount. The exchange of ideas, transactions, and assets is a critical component of the business model. But what happens when one of these key exchanges suddenly terminates the agreement?
This is precisely the situation facing Voyager, the official cryptocurrency exchange, as it received a letter from Coin America terminating their asset purchase agreement. Though this development is admittedly disappointing, Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform. So, what does this mean for the users of Voyager?

What does the Termination of the Asset Purchase Agreement Mean for Voyager Users?

The most critical question on many users’ minds is how the termination of the asset purchase agreement will affect them. Fortunately, Chapter 11 of Bankruptcy permits direct distribution of cash and cryptocurrency to customers through the Voyager platform.
Simply put, these users will still be able to utilize the platform to access their assets, although the original asset purchase agreement with Coin America will not continue. This will ensure a relatively seamless transition for the users of Voyager as they continue to transact in cryptocurrency.

Taking Swift Action

While the termination of the asset purchase agreement with Coin America is less-than-ideal news for Voyager, they remain committed to creating value for their customers. To accomplish this, they will be taking swift action through direct distribution of cash and cryptocurrency to their users via their platform.
In the days that follow, Voyager will provide more information on how they plan to carry out this direct distribution of assets. By taking this action, Voyager is demonstrating their ongoing commitment to the satisfaction and success of their users.

Conclusion

Though the news of Coin America’s termination of the asset purchase agreement is certainly disappointing, Voyager remains a leading cryptocurrency exchange. With Chapter 11 of Bankruptcy allowing for the direct distribution of cryptocurrency and cash to customers through the Voyager platform, users can continue to trust and rely on the platform for their transactions.
Voyager’s commitment to creating value for their customers has never wavered, and this holds true now more than ever. Stay tuned to future developments to learn more about how this direct distribution will be implemented!

FAQs

1. How will the direct distribution of cash and cryptocurrency be carried out?
Answer: Voyager has stated they will provide more information in the days to come on how they plan to implement this direct distribution.
2. Will this termination have any impact on the functionality of the Voyager platform?
Answer: No, users will still be able to transact on the platform as usual.
3. Can I trust Voyager with my cryptocurrency assets?
Answer: Yes, Voyager has demonstrated an unwavering commitment to the safety and security of user assets.

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