This week, Bitcoin SV (BSV)—the only cryptocurrency following the original Bitcoin protocol—is taking a huge step forward in its goal of becoming a viable global currency. And it’s all thanks to Coinify.
On Monday, the cryptocurrency payment gateway announced that it has added BSV to its portfolio, allowing online merchants to accept the crypto directly or have it changed to a local currency.
Integrating BSV is a given for Coinify, according to co-founder and CEO Mark Højgaard. After all, the payment platform’s goal is to “have the most comprehensive range of options for both merchant and customer.” BSV, which emerged from the November 2018 contentious hard fork of Bitcoin Cash, is dedicated to restore the original Bitcoin protocol, keep it stable and allow it to massively scale—resulting in the world’s new money used by billions of people and a global public blockchain with professionalized engineering upon major enterprises can build.
“Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible,” Højgaard said in a statement.
Founding President of bComm Association Jimmy Nguyen welcomed the announcement as “a huge step forward in the development of BSV.”
“As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio,” Nguyen said in a statement. “Of course, it also means it will be much easier for sales teams to offer ‘flick of the switch’ BSV solutions to online merchants.”
Coinify, founded in 2014, offers two-way virtual currency conversion services for merchants and customers. These services range from trading and payment processing to a white-label solution for in-wallet trading, as well as a payment suite with crypto payment products for online merchants, payment service providers, and retail stores, among others.
The European-based financial platform is backed Nordic Eye Venture Capital, SEED Capital Denmark, SEB Venture Capital and Accelerace.
To learn more how you can start accepting BSV via Coinify, visit their website.