Coinify Partners iPayDNA For Bitcoin Payments in Asia Pacific

Coinify, a Copenhagen-headquartered cryptocurrencies payment processor, has secured a new strategic partnership with iPayDNA International, a Hong Kong based payment service provider, to bring Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to its many merchants in the Asia Pacific region.

The new PSP agreement will allow Coinify to extend its cryptocurrencies merchant processing solution distribution channel throughout the Asia Pacific region where iPayDNA holds a dominant position. It also enables iPayDNA to offer its merchants support for 17 blockchain currencies, including Bitcoin, Litecoin and Ethereum, from any country and receive payouts in local currency to their bank accounts.

Morten Bebe, Sales Manager at Coinify, said: “We are thrilled about teaming up with iPayDNA. Being a company native to the Asia Pacific region, they have the best understanding of local merchants needs and at the same time being a company with an international mindset, they perfectly match the qualities we look for in our business partners.”

“The increasing popularity of alternative payments is reinforced by the strong shift from cash to electronic payments and the increasing number of customers searching for their preferred payment method in a secure environment. Besides these strong indicators of the potential that blockchain payments have in the area, we are pleased about opportunities contributing to the infrastructure and supporting the digital currency adoption process,” he added.

Guan Seow, Managing Director of iPayDNA, added: “Our value proposition is to serve as a one stop center for online merchants by offering them the most card and non-card payment options. By adding a broad selection of the most popular blockchain currencies via Coinify, our merchants can further benefit from this variety. All iPayDNA’s customers, who are open to embrace blockchain currencies as their new alternative payment methods, can do so now, safely and with ease.”

Partnering with iPayDNA is another step of Coinify’s recently announced plan to push into the Asian market. Back in February, Vietnam’s bitcoin exchange Bitcoin Vietnam Co. Ltd. partnered with Coinify ApS to bring blockchain merchant processing tools to the Vietnamese market.