Coinify Teams with ISignthis to Provide KYC Compliance for Blockchain Payments
Coinify, a Denmark-based blockchain currency payment provider, has partnered with iSignthis Ltd., a remote identification and payment authentication service provider, to offer a new service connecting blockchain payments, identity verification and credit cards. The companies claim that for the first time, user identity will link to transactions to meet anti-money laundering (AML) requirements. iSignthis supports compliance with AML regulations through a secure and convenient process that preserves customer privacy. The service also verifies ownership of a payment card to prevent fraud....
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At the Money20/20 Europe Conference last week, Coinify announced a partnership with iSignthis which will enable users to purchase Bitcoin on the Coinify platform via major credit cards. Through directly tying a user’s identity to transactions, the move signals a strong and legally compliant synergy, one which will likely prove to be a fantastic case study for the industry. As the Coinify press release read, “In a world first, identity will be able to be linked by end users to transactions, in order to meet AML/CTF regulations for customer due diligence and KYC.” The move to accept credit....
Coinify APS, a Denmark-based blockchain currency payment provider, is facilitating the first real estate purchase in Denmark using bitcoin. Coinify processed a transaction worth 117 BTC (290,000DKK, $50,000 USD). The Just-Sold group real estate agency signed up for a Coinify merchant account at the buyer’s request to accept the blockchain payment. The purchase was in process at this report, according to Coinify. The buyer of the residential property, who requested to remain anonymous, acquired the bitcoins from bitcoin mining over an extended period. The purchased property is in the town....
Danish-based bitcoin company, Coinify, has attracted a new FinTech investor, helping to increase its blockchain payment services in Europe. After joining a $4 million Series A funding round, Swedish banking investor, Skandinaviska Enskilda Banken, also known as SEB, now owns part of Coinify. According to a report, board members from SEB will also be joining the bitcoin company with SEB’s Stefan Olofsson becoming one of the board of directors and Filip Petersson as the deputy director. SEB also has a voting share of 5 to 9.99 percent in Coinify. Blockchain Payments. Claiming to be the....
The Copenhagen-based blockchain currency service provider, Coinify ApS has just announced the first real-estate purchase in Denmark with Bitcoin. The transaction was just processed by Coinify’s merchant services and with the help of Just-Sold real estate agency. The blog post states: Founded in 2014 by Lasse Olesen, Coinify’s merchant services is one of the leading European payment processors and ranks 5th globally in the industry. According to Crunchbase, the business is backed by a multi-million dollar undisclosed capital injection from the Danish Government and Accelerance. The company....
Bitcoin merchant payment gateway and financial solutions provider Coinify has announced a partnership with online payment service provider Payssion. The partnership with Hong Kong-based Payssion will allow Coinify to expand its services and target a wider range of users in SouthEast Asia, Europe, Latin America, the Middle East and Africa by enabling all merchants of the online platform to accept bitcoins. "Bitcoin is a revolution for the global payments space, making the payments easier and less costly. Bitcoin and blockchain currencies supplement our global payments method services well,....