Effective as of March 15, 2015, the agreement entitles PensoPay the right to promote, advertise, and sell the Coinify Merchant Solution, enabling PensPay´s Merchants to accept Bitcoin and get paid in any local currency with no risk, chargebacks, or fraud.

“The agreement with PensoPay confirms the growing demand for our tailored PSP solutions. We are delighted to see that the dedicated work on our platform is paying off,” expressed Mark Højgaard, Coinify’s CEO.

PensoPay will act as an independent contractor that will handle technical support and after-sales services. With this agreement, Coinify will continue to strengthen its presence in both online and physical retail markets through PensoPay’s network, and thus convert more merchants to Bitcoin payment acceptance.

“We are happy to announce that we have selected the Coinify Merchants Solution as PSP product for our digital currency payments. PensoPay can now offer all our international merchants a professional Bitcoin payment product. For us it is very important that Coinify provides a solution that accepts Bitcoin on behalf of our merchants and that the merchant will receive local currencies. This means business as usual”, said Ulrik Pilehave, PensoPay’s CEO.

Mitigating the general risk for Merchants helps and strengthens the implementation of digital currencies in the broader payment space and that is part of the main strategy at the Copenhagen based company. Coinify’s CFO Christian Visti states: “We now follow the same setup as when you accept MasterCard or VISA, just with the benefits that are embedded in the blockchain technology.”