Coinify Partners With Two European Payment Processors

Coinify, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term 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 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 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.