Blockchain And Coinify To Spur Increased User Adoption Of Bitcoin

The Blockchain and Coinify integration will allow users to purchase bitcoin directly from their bank accounts, although wallet funding through this channel will only happen as fast as the bank transfers themselves are able to settle.

Peter Smith, Chief Executive Officer of Blockchain stated in the official press release:

“For the first time, users will not be subject to the delays, complexities, and security risks that have plagued digital currency adoption in the past. This partnership will make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market.”

Blockchain aims to dramatically accelerate the re-engineering and modernization of the global financial system by on boarding millions of individuals across the globe into open P2P transaction networks over the coming years. This partnership with Coinify, which will first launch in the U.K followed by an expansion across Europe, is the beginning of that product evolution. Blockchain will beta test the integration with select invite-only participants, working user feedback and learnings into an enhanced product for full global launch. 

Coinify Co-Founder and CEO Mark Højgaard said, “Coinify shares in Blockchain’s mission to accelerate the adoption of digital currencies by making them more easily accessible. And we are honoured to be a part of this strategic partnership to serve millions of existing and new bitcoin users. With Blockchain’s dominant position in the cryptocurrency wallet market, I believe this will be a real game changer.”