Coinify, the Copenhagen-based cryptocurrency and payment provider, has announced the launch of three new virtual currencies for its buy and sell platform. Users can now purchase Bitcoin Cash (BCH) and Altcoins XLM and BSV directly by bank transfer or credit card.
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Coinify users can now use credit cards to buy BCH
Mark Højgaard, co-founder and chief executive officer of Coinify, said in a statement published on February 11, news.Bitcoin.com, that the newly added coins, which will start trading tomorrow, are part of the plans, totaling 15 digital assets on the market Internet support exchange by the end of this year. Ethereum was added to the platform at the end of last year.
The development, meaning that users can buy BCH, XLM or BSV without having previously bought BTC, is also intertwined with Coinify's ambition to improve crypto-based payments.
The stock market has a strong interest in assets that offer viable profitability as a payment method, as well as in "having a strong community to support the use of the money." Bitcoin Cash offers one of the most efficient, fastest and cheapest financial payment options worldwide with average fees of half a cent for each amount transferred.
Højgaard added that the three newly listed cryptocurrencies were aligned with the company's internal compliance standards and international regulations.
We continue to develop our services to support access to virtual currencies while maintaining an agnostic attitude towards the ecosystem. The real distinguishing feature of Coinify is that we not only offer low-priced bank transfers for the purchase of these currencies, but also the ability to instantly purchase with all popular payment cards. There simply are not many platforms where users can purchase other virtual currencies in addition to other virtual cards [BTC],
Exchange Rebrands platform for buying and selling Mycoinify
In the meantime, the company has renamed its individual trading platform from "Buy and Sell" to "Mycoinify". The renaming is part of Coinify's expansion of its payment offering, which differentiates between the Enterprise Payment Product Suite and Mycoinify, a B2C service for individuals.
Mycoinify will continue to focus on end users by providing them with a "simple and compatible platform to buy multiple virtual currencies," said Pia Skafte Johansen, Coinify Payment Solutions Manager. The service also reduces the barriers to entry into the virtual currency space as it is a "wallet agnostic" allowing users to store their virtual currencies in the wallet of their choice, "says Johansen.
Coinify, supported by Nordic Eye Venture Capital, Seed Capital Denmark and SEB Venture, provides bidirectional virtual currency conversion services to businesses and individuals.
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