Coinfly to Add Bitcoin Cash, Bitcoin SV & Stellar

Company re-branded its trading platform for individual users - the part that was previously available as “Buy and Sell” will now be called “Mycoinify”
12 February 2019   1398

Coinify, the leading European Bitcoin buying and selling platform and payment service provider, added support for three new assets, giving users the opportunity to buy Bitcoin Cash, Bitcoin SV and Stellar via bank transfers and credit cards. This is reported by Bitcoin.com.

BCH, BSV and XLM trading will start on Tuesday, February 12, and as Coinify co-founder and CEO Mark Hoigord said, adding new cryptocurrencies has become part of a broader plan, according to which the company intends to maintain 15 digital assets by the end of the year.

At the same time, the company based in Copenhagen re-branded its trading platform for individual users - the part that was previously available as “Buy and Sell” will now be called “Mycoinify”.

According to company representatives, this rebranding is designed to more clearly distinguish between payment products that Coinify offers companies from B2C-service for individuals.

Pia Skafte Johansen, Director of Payment Solutions, emphasized that Mycoinify will target end-users, offering them a simple and compliant regulator platform for purchasing various virtual currencies.

Coinify has been present on the market since 2014, and besides the possibility of buying cryptocurrencies, it also offers processing services, by the end of 2015 supporting payments in 16 digital currencies. In 2016, Coinify announced the successful completion of a residential real estate transaction for bitcoins in Denmark. The deal is the first of its kind not only in this country, but also in the whole Scandinavian region.

Last year, the company added the possibility of buying via bank transfers and Ethereum cryptocurrency credit cards.

Bitcoin. com to Acquire O3 Labs

O3 Labs resources will be allocated to the development of mobile app for Bitcoin.com using the Bitcoin Cash protocol
21 October 2019   203

Supported by crypto investor Roger Ver, Bitcoin.com acquired the Japanese blockchain startup O3 Labs, writes The Block. The company refused to disclose the transaction amount.

O3 Labs previously worked on creating applications for the NEO and Ontology blockchain systems. Now its resources will be allocated to the development of mobile applications for Bitcoin.com using the Bitcoin Cash protocol in order to expand support for financial services.

We look forward to accelerating services in our mobile applications serving anyone in the world with an internet connection, regardless of nationality, socioeconomic status, or access to traditional finance.
 

Stefan Rust

CEO, Bitcoin.com

Under the terms of the agreement, O3 Labs employees will join the Bitcoin.com team. What kind of financial services they will develop is unknown. Rust only noted that the firm aims to give users "the ability to manage, grow, and spend [money] ... without the need for traditional banks or financial intermediaries.”

In September, representatives of Bitcoin.com announced that they intend to seek listing of Bitcoin Cash futures on the Chicago Mercantile Exchange (CME).