Coinify’s Partnership with Blockchain to Strengthen the Bitcoin Ecosystem

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The leading Bitcoin block explorer and wallet service provider, Blockchain has announced a partnership with the cryptocurrency payments service provider — Coinify. The partnership will allow Blockchain wallet users to utilize Coinify’s payment service to directly fund their Bitcoin wallets almost instantaneously by making fiat payments.

With Coinify’s services, users will be able to buy the digital currency with credit and debit cards using a single user interface. The new implementation will be initially made available to a limited, closed user group. The Chief Executive Officer of Blockchain, Peter Smith was quoted on a financial news website saying,

“Digital currencies and peer-to-peer transaction networks have the potential to modernize a financial system that is currently failing over a third of the global population. This announcement represents a giant step forward in making bitcoin, still a nascent currency, a more compelling and efficient financial solution for new users.”

He was referring to the limited options provided by most of the Bitcoin wallet services when it comes to funding the users’ wallets. In a market with almost 100 different bitcoin wallet services, both big and small, a majority of them only allows users to deposit their “already-owned” bitcoin into their