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Thursday, August 11, 2022

Coinify opens up to all 34 SEPA countries for buying and selling bitcoin

Denmark’s digital currency provider Coinify has seen good success in Denmark, but thanks to regulations they were limited to allowing only those with a Danish bank account to buy and sell bitcoin. But now 33 more countries can trade bitcoin through Coinify as the firm spreads to all the European SEPA countries.

Coinfiy is backed by SEED Capital and Accelerace, which gave it some cash to acquire Bitcoin Broker Bitcoin Nordic, as well as the IP rights to the payment gateway technology and merchant relationships from Copenhagen-based Bitcoin Internet Payment System. With that in story they also plugged into payment service provider Pensopay, giving them direct merchant access.

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“Bitcoin has the opportunity to change some of the fundamentals within the financial environment. At Coinify we support change, but it will still be on the terms that apply to the sector in general. In this we’re following the European e-money directive and have engaged Deloitte as an independent reviewer of our internal procedures. This is to signal that we mean serious business,” said Christian Visti, CFO of Coinify.

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