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 markets.”

This seal a deal between two of the major processor companies in Europe and positions Coinify as the leading European payment processor in the digital currency space.

Coinify developed a system that suits the needs of web shops and online merchants enabling them to accept credit card and alternative payments over the internet. The company offers its customers instant conversions to any national currency when needed without any chargebacks or credit card fraud risks.

Last year, Coinify sealed an undisclosed venture funding round, as well as a string of strategic deals. The company acquired a portfolio of services from established market players, purchasing established domestic bitcoin broker Bitcoin Nordic and the merchant services formerly offered by Bitcoin Internet Payment Systems (BIPS).

With this new acquisition, The Danish company gains a place on the run to be the leading bitcoin payment processor services company for the European market.

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