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.
New Coinify Partnership Aims to Increase Bitcoin Accessibility
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.