Coinify to perform KYC with iSignthis

Source: iSignthis

iSignthis Ltd [ASX:ISX] is pleased to announce that it has entered into a partner agreement with Europe’s leading digital currency processor, Coinify.

Under the agreement, iSignthis’ Digital KYC services, Evidence of Identity (EOI), and Strong Customer Authentication (SCA) services will be made available to all Coinify users from January 2016. Coinify will also be able to take advantage of card acceptance and processing via iSignthis.

Coinify is a digital payment platform provider which specialises in extending Bitcoin processing and trading services to merchants and consumers respectively. Notably, Coinify provides a plug-in for popular merchant-facing e-commerce platforms that allow businesses to accept Bitcoin and receive settlement in euros, dollars and more than 30 other currencies. Since commencing operations in 2014, Coinify has rapidly established itself as the largest digital transaction processor in Europe with an estimated active user base of approximately 20,000 merchants and consumers.

Christian Visti Larsen, CFO of Coinify said: “Blockchain payments represent a new era of security on global transactions and it is only natural that Coinify implement new standards for compliance that covers this global mindset. iSignthis has a very strong identification process, combined with the transparency of the Blockchain technology and our 3rd party audit to the stringent ISAE 3402 assurance standard, we now have a KYC and Evidence of Identity that outperform the current financial sector. We are very pleased with iSignthis and the fact that we now can open for global card payment is a milestone achievement.“

John Karantzis, Managing Director of iSignthis Ltd said “Coinify is the EU market leader, and a global top 5 bitcoin processor. The opportunity for both iSignthis and Coinify is immense, with AML compliance being one of the last barriers towards bitcoin gaining mainstream acceptance. iSignthis will be processing payments and identity directly to Coinify’s acquiring bank, Clearhaus, in order to provide an integrated KYC identity, antifraud and transaction management service, allowing Coinify to now accept cards as payment for bitcoin purchase. We are very pleased to be working with Coinify in this exciting space."

#Canaccord Genuity Engagement

iSignthis Ltd (ASX : ISX) is also pleased to announce that it has engaged Canaccord Genuity Australia Limited to provide assistance with the Company’s corporate strategy.

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