Coinify Acquires Its Rival Coinzone
cryptocurrency news

Coinify Acquires Its Rival Coinzone

THELOGICALINDIAN - Coinify works to advance the use of agenda currencies The aggregation enables anyone to buy Bitcoin as an advance or to buy or advertise items and casework from a rapidly growing account of food worldwide

With acquaintance in alive with digital currencies back 2010, the Coinify aggregation has a able accomplishments with decades of acquaintance in software, e-commerce, and compliance.

The Denmark-based Company recently acquired its rival Dutch processor Coinzone Coinify_article_cover2_NewsBTCin a bid to actualize a pan-European provider of bitcoin-to-fiat acquittal processing for online merchants and PSPs. The accord adds 2000 merchants to Coinify’s 8000-strong arrangement of online audience and presages affairs for added basic adopting in a Series A annular of funding.

CFO and arch of Strategic administration at Coinify, Christian Visti says:

“Coinzone’s accustomed attendance in Europe, abnormally in the best alive countries of France, Germany, Spain, Italy and Romania, and the contempo bazaar entries in the UK, the Czech Republic and Poland – is 100% in band with our action to advance the amplification in these important markets.”

This allowance a accord amid two of the above processor companies in Europe and positions Coinify as the arch European acquittal processor in the agenda bill space.

Coinify developed a arrangement that apparel the needs of web shops and online merchants enabling them to acquire acclaim agenda and another payments over the internet. The aggregation offers its barter burning conversions to any civic bill back bare after any chargebacks or acclaim agenda artifice risks.

Last year, Coinify closed an bearding adventure allotment round, as able-bodied as a cord of cardinal deals. The aggregation acquired a portfolio of casework from accustomed bazaar players, purchasing accustomed calm bitcoin agent Bitcoin Nordic and the merchant casework aforetime offered by Bitcoin Internet Payment Systems (BIPS).

With this new acquisition, The Danish aggregation assets a abode on the run to be the arch bitcoin acquittal processor casework aggregation for the European market.

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