Blockchain and Coinify Enable In-Wallet Bitcoin Purchasing
Bitcoin company Blockchain has continuously been progressing as a reputable platform for the cryptocurrency environment. The firm has issued close to 10 million wallets and has been the world’s most popular wallet provider for years. The partnership with Coinify is expected to increase bitcoin adoption as millions of users can fund their wallets directly.
Blockchain states that traditionally, purchasing bitcoin has been tedious and somewhat cumbersome. Blockchain-Coinify integration aims to “eliminate friction” by allowing seamless credit and debit card purchases. Furthermore, users will be able to use a bank account to purchase, but the settlement will be done on the bank’s time. Blockchain believes this is a milestone and it will improve purchasing avenues for the mainstream.
“Digital currencies and peer-to-peer transaction networks have the potential to modernize a financial system that is currently failing over a third of the global population,” said Peter Smith, Blockchain’s CEO. “This announcement represents a giant step forward in making bitcoin, still a nascent currency, a more compelling and efficient financial solution for new users.”
A Focus On On-Boarding Millions of Bitcoin Users
The two leading Bitcoin companies are focused on transforming the global financial system. Blockchain has on-boarded millions of users so far and aims to continue to do so in the future. The company says it is building a series of localized onramps into its wallet to make acquiring Bitcoin easy for anyone worldwide.
The Coinify integration will initially launch in the U.K. followed by a full expansion in Europe. Blockchain will initially beta test the integration between select invite-only participants. Working with trial feedback and research, the company will prep the software for global launch.
“At Blockchain, we are on a mission to build an open, accessible and fair financial future, one piece of software at a time,” explained Smith. “This partnership is a huge step toward realizing that accessibility mission. 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.”
Coinify Integration Will Be a ‘Game-Changer’
Blockchain, which began operating in 2011, is one of Bitcoin’s oldest service providers and the company hopes to stay a forerunner. Founders Peter Smith, Nicolas Cary and Ben Reeves have done well and managed to raise $30 million in capital. Moreover, Bitcoin.com recently reported the firm is experiencing its best month ever. Working with the Danish bitcoin startup Coinify, the company plans on forwarding business expansion.
“Coinify shares in Blockchain’s mission to accelerate the adoption of digital currencies by making them more easily accessible,” Coinify co-founder and CEO Mark Højgaard explained. “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.”
What do you think about Blockchain and Coinify’s partnership? Let us know in the comments below.
Images courtesy of Shutterstock, Blockchain and Coinify Websites.
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