Blockchain and Coinify join hands to offer seamless Bitcoin wallet funding service


Coinify, a blockchain payment and trading service provider, has announced a partnership with Blockchain to elimited the need for high fees, long settlement delays, untrustworthy service providers, and opaque identity verification procedures.


The partnership will allow Bitcoin users to fund their wallets with digital cash in a seamless and expedient manner, and that too without compromising user security or control. This will enable near instantaneous wallet funding via credit and debit cards inside a single user interface.


Users will be able to instantly authenticate payment methods and purchase bitcoin by confirming the values of two separate, nuanced transactions charged to their cards. Moreover, they will also be able to buy bitcoin directly from their bank accounts.


Considered as a major milestone, this partnership will substantially better the user experience and allow the mainstream consumers and businesses to enter the blockchain ecosystem.


Peter Smith, Blockchain’s chief executive officer, said: “For the first time, users will not be subject to the delays, complexities, and security risks that have plagued digital currency adoption in the past. This partnership will make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market.”


Mark Højgaard, Coinify co-founder and CEO, said: “Coinify shares Blockchain’s mission to accelerate the adoption of digital currencies by making them more easily accessible. And we are honoured to be a part of this strategic partnership to serve millions of existing and new bitcoin users. With Blockchain’s dominant position in the cryptocurrency wallet market, I believe this will be a real game changer.”