Blockchain, a prominent bitcoin wallet service provider with over 50 percent in market share and nearly 10 million wallet users, secured a strategic partnership with leading blockchain payment and trading service provider, Coinify, to enable instantaneous bitcoin wallet funding.
Peter Smith, CEO of Blockchain, states that the deal with Coinify allows users to avoid lengthy delays resulting from purchase orders and extended Know Your Customer (KYC) and Anti Money Laundering (AML) verifications to purchase bitcoin in a more secure and efficient manner.
The elimination of heavy identity verification and other forms of confirmation means that neither Blockchain or Coinify will be required to handle the personal and sensitive information of its users, significantly reducing the possibility of data breaches and hacking attacks.
Smith stated: “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.”
The Blockchain development team plans to test the Coinify integration with a small group of invite only participants in the U.K. Upon the completion of its successful beta testing, Blockchain