Coinify Acquires Its Rival Coinzone

Coinify works to spread the use of digital currencies. The company enables anyone to buy Bitcoin as an investment, or to buy or sell items and services from a rapidly growing list of stores worldwide.

With experience in working with digital currencies since 2010, the Coinify team has a strong background with decades of experience in software, e-commerce, and compliance.

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The Denmark-based Company recently acquired its rival Dutch processor Coinzone Coinify_article_cover2_NewsBTCin a bid to create a pan-European provider of bitcoin-to-fiat payment processing for online merchants and PSPs. The deal adds 2000 merchants to Coinify’s 8000-strong network of online clients and presages plans for further capital raising in a Series A round of funding.

CFO and head of Strategic department at Coinify, Christian Visti says:

“Coinzone’s established presence in Europe, especially in the most active countries of France, Germany, Spain, Italy and Romania, and the recent market entries in the UK, the Czech Republic and Poland – is 100% in line with our strategy to accelerate the expansion in these important

Read more ... source: TheBitcoinNews