Coinify, a bitcoin payment processor and brokerage service, has announced a partnership with Webteh and EuroPayment Services.
Coinify, based in Denmark, launched last year, looking to become Europe’s Coinbase. It reports to have over 7,000 users. It reportedly raised several million Danish krone (USD/DKK = 6.75), and acquired competing bitcoin payments processor Coinzone shortly thereafter.
Croatia-based Webteh, reportedly owned by Lupon Ventures, states to offer payment solutions for merchants and financial institutions. It has reportedly been operating since 2003.
EuroPayment Services, based in Romania, is one of Europe’s larger payment processors, reportedly supporting over 1,800 active merchants.
The partnerships aim to bring Coinfiy’s presence to eastern Europe, where the Bitcoin industry is anticipated to grow. “We have discovered a very interesting community of Bitcoiners in Romania that is constantly growing. Therefore we are eager to start offering services to this community,” said Răzvan Mânzu, Sales Manager at EuroPayment Services.
The hope is that the new payment option will help stimulate the adoption of bitcoin in the region.
A Coinify spokesperson told Finance Magnates that Webteh and EuroPayment Services merchants will have bitcoin payments automatically enabled. They will not have to go through the process of creating individual accounts with Coinify, as is often found in similar partnerships involving multiple merchants.
Clarification: An earlier version of this article, based on information provided in the press release, indicated that Webteh is owned by Pikpay. Narcis Gečević, partner at Webteh and Business Development at Lupon Ventures, told Finance Magnates that Webteh is owned by Lupon Ventures.