Blockchain payments provider Coinify and iSignthis, a KYC compliance service provider, have partnered to deliver a new global product that will enable customers to buy bitcoin via major credit cards.
The new offering, enabled by AML/CTF KYC services by iSignthis, will connect blockchain payments, KYC identity & credit cards. It will allow instant bitcoin purchases on the Coinify platform.
The partnership will support majority of the credit card types, and will open the option to use Coinify Trade platform globally, which acts as a processor of up to 17 blockchain currencies as well as an exchange.
Coinify CEO and co-founder Mark Højgaard said: "Cooperation with iSignthis strengthens our efforts for proactive compliant regulation and gives us high integrity. Coinify can now offer even stronger product, both in terms of usability and accessibility. I can see a lot of opportunities coming from the expansion of Trade services beyond the SEPA space, meaning that now both, the payment processing and the trading parts of our platform, are globally available."
iSignthis CEO and managing director N J (John) Karantzis said: "We are delighted to be working with Coinify on such an significant application of the blockchain. Coinify brings a solid understanding of the KYC requirements to bring digital currency to industry at large, employed on the highest standards, together with a very effective anti-money laundering programme."