0 C
New York
23/03/2019
BlockChain News

Coinify Introduces myCoinify, a B2C service For Individual Traders

Coinify, the virtual currency payment provider that is currently leading the European market, has announced the introduction of three new virtual currencies on it’s Buy and Sell platform.  The company is also rebranding their trade service for private individuals.

advertisementToken Agency

The Coinify.com platform offers various currency trading and
payment processing services where individuals can buy and sell virtual currencies. Following its support of Ether (ETH) in 2018, the company’s individual Buy and Sell
platform will now also support Bitcoin Cash (BCH), Stellar lumens (XLM), and Bitcoin SV
(BSV). Users can purchase these currencies directly with bank transfers or credit cards.
To enter the virtual currency space, users have traditionally utilised bitcoin as a medium
of exchange to access other virtual currencies. Coinify completely omits this step by
providing users a straight path to the currencies of their choice.

Coinify’s selection of virtual currencies is based on a stringent review process. Coins that
are aligned with Coinify’s strict internal compliance standards, alongside complying to
international regulation and having a tangible ambition towards being a viable payment
instrument, with a strong community to support the coin’s use are choice options for
the platform.

“We are continually developing our services to support access to virtual currencies while
taking an agnostic stance on the ecosystem,” said co-founder and CEO of Coinify, Mark
Højgaard. “The real differentiator of Coinify is that we are not only offering low-cost
bank transfers for buying these currencies, but users also have the option of instant
purchases using all major payment cards. There just aren’t that many platforms out
there that offer users direct card purchases of other virtual currencies, apart from
bitcoin.”

Along with the new currencies, the company has revealed the new name for their
individual trading platform: formerly known as Buy and Sell, the platform will now be
called myCoinify. The rebranding comes as part of Coinify’s extension of their payment offerings, thus needing a clear distinction between their Payments Product Suite for businesses, and myCoinify, which is a B2C service for private individuals.

“By providing a clear separation between the platform for individual users and our
payment product collection, we can serve our users in the best way possible and resolve their needs more effectively,” said Pia Skafte Johansen, Head of Payment Solutions at
Coinify.

myCoinify will continue to focus on the end users by providing them with a simple and
compliant platform to buy multiple virtual currencies. The service also lowers barriers to
entry into the virtual currency space by being wallet agnostic and users can, therefore,
store their virtual currencies the wallet of their choice.
The addition of these new coins are only the beginning of myCoinify’s offerings: the
company anticipates to support a total of 15 different virtual currencies on the platform
by the end of 2019. The provision of these new virtual currencies will also be available
for Coinify’s wallet partners via their inWallet payment solution.

Wieke Beenen
  • Blockchain in healthcare market is Expected to Reach $890.5 Million by 2023 due to Increasing Number of Partnerships and Collaborations – February 12, 2019
  • Coinify Introduces myCoinify, a B2C service For Individual Traders – February 12, 2019
  • Yosemite X has Announced the First Open Source Public Blockchain that Operates without a Native Cryptocurrency – February 8, 2019
  • Global Investment Advisory Company says much more Stable STO might merge with, or Entirely Replace IPO – February 8, 2019
  • The Chamber of Digital Commerce and Blockchain Association of Canada Join for a Stronger and more Coordinated Blockchain Ecosystem – February 6, 2019
  • US Merchants can now Accept Crypytocurrency Payments from their Customers, With Fee Free Cryptocurrency Point of Sale Payment Ecosystem – February 6, 2019
  • Former Last.fm’s founder shakes up user privacy access with new Slant on blockchain technology – January 31, 2019
  • New Report by BlockchainDefender Links Lack of Trust in Cryptocurrency Industry to Dwindling Coin Prices – January 31, 2019
  • VX Network introduces a new Crypto Based, Monopoly-Style Board Game called Crypto Marble – January 30, 2019
  • China Ranked first in World of Blockchain and AI Patents Being Filed – USA Runner-up – January 24, 2019
  • Block.one Releases EOSIO 1.6.0, Transaction Processing Speeds Could Increase up to 35% – January 24, 2019
  • First Cannabis Validation Testing Program Reaches Markets to Create Much Needed Transparency – January 23, 2019
  • Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform – January 21, 2019
  • Coinstar to Give Consumers a Convenient and Easy Way to Buy Bitcoin at Coinstar®Kiosks – January 18, 2019
  • Tech Firm IBM and MineHub Join to Build Blockchain-Based Platform for More Efficient Metals & Mining Supply Chain Solution – January 17, 2019
  • Former Director of Mobile for TripAdvisor and Viator Joins KeyoCoin Team to Help Build Intuitive Mobile Booking Platform – January 10, 2019
  • Project PAI Blockchain Protocol and Blockfolio Signal Beta, Create Platform for AI-Powered 3D Avatars – December 17, 2018
  • Nigerian Start-up Announces Revolutionary Global Decentralized Health Platform With A Distributed Blockchain – December 15, 2018
  • CEO of Panxora Warns: ‘Draconian’ Regulatory Measures Could Risk Losing Control of Crypto in US – December 13, 2018
  • Lancor Scientific Links Use of a Digital Token to Global Blockchain-based Cancer Screening Registry – December 13, 2018

View All Articles

loading...

Related posts

Report: The State of Stablecoins 2019 Hype vs. Reality in the Race for Stable, Global, Digital Money

Jenny

To the blockchain and beyond: are security tokens the third wave in Fintech?

Jenny

Record Rate of New Crypto Hedge Fund Launches in 2018

Jenny