The Danish bitcoin company Coinify copy Bitnet business model, acquisition of rival Coinzone
The Danish bitcoin company Coinify and Coinzone has been the European bitcoin market competitors. Coinzone was founded in 2014 in Amsterdam, focused on providing payment processing services, trading volume of the company mainly in eastern europe.
The acquisition of Coinify Coinzone Coinify from the monthly average of more than 8000 users to expand the monthly average of more than 10 thousand users. And Coinzone also began to recruit up to more than 20 person team.
Coinify’s chief financial officer (CFO) Christian? Weiss? Larsen (Christian Visti Larsen) on why buy Coinzone to answer, he said, inspired by the American bitcoin company Bitnet, the company will seek cooperation with larger payment providers, straight through cooperation Access their customers. This is the company to transfer target obtained from individual businesses to get the payment service provider (PSP) reason.
Larsen told CoinDesk:
“Now, many businesses and PSP (payment service provider), they are also willing to provide more choice of payment. Most of Coinzone’s partners have bitcoin payment needs, so our two companies in this area can be said to be perfect.”
Larson quoted this model in the United States the success of the case, such as Cardinal, Commerce, PayPal and Stripe are the integration of bitcoin payment. Therefore, he believes that now is the time to introduce this model of the European market, and said Coinify is carrying out business negotiations with the eight PSP business in the area.
The outgoing chief executive Manuel Coinzone? Heilman (Manuel Heilmann) told CoinDesk, the company’s existing management personnel in such a “transition period” will remain in situ, but no full-time executives joined Coinify. Heilman said that he will return to the electronic commerce Industry, but will still continue to promote bitcoin technology.