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 cards will open even up the Coinify platform to international trade, creating opportunity which was previously unrealized.
Images courtesy of Coinify.
Ryan Strauss is an avid writer and Bitcoin fanatic who has been involved with the cryptocurrency space since 2012. A 'crypto-industrialist', Ryan is also the author of #100DaysOfBlogging. Follow on [email protected]
1 Hova Villas Brighton & Hove
BN3 3DH United Kingdom
All rights reserved by Bitcoinist Ltd. | 2016.