Denmark-based bitcoin platform Coinify has announced its expansion within the Single Euro Payments Area (SEPA) network, enabling customers in 34 countries to buy and sell the digital currency.
SEPA is a European Union (EU) payment integration scheme that aims to ease euro denominated bank transfers between 28 EU member countries as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.
Christian Visti Larsen, chief financial officer at Coinify, told CoinDesk:
“Coinify has two operation legs, one for payment service providers and one for traders. The expansion within the SEPA network is a movement for supporting both the pay-in and pay-out operations for both legs. In simple terms – we can now move faster and cheaper.”
In addition to its consumer features, Coinify allows businesses to accept bitcoin and receive next-day settlement in fiat currencies, including euros, dollars and kroner, among other currencies.
Larsen said the company was planning to take on further investment in the second half of this year.
“We expect to raise a significant amount to make sure that