Earlier today, we announced a partnership with Coinify that will allow our users in Europe to, for the first time ever, seamlessly and expediently fund their Blockchain wallets without compromising user security or control. This partnership will make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market.
Acquiring bitcoin and other digital currencies has, historically, been a difficult, slow, and risky process – hampered by high fees, long settlement delays, untrustworthy service providers, and opaque identity verification procedures. The Blockchain-Coinify integration will eliminate this friction, enabling near instantaneous wallet funding via credit and debit cards inside a single user interface.
Users will also be able to purchase bitcoin directly from their bank accounts, although wallet funding through this channel will only happen as fast (or as slow) as the bank transfers themselves are able to settle.
At Blockchain, we are on a mission to build an open, accessible and fair financial future, one piece of software at a time. In order to realize that vision, Blockchain is focused on building a series of localized onramps into our wallet that will make the acquisition of digital cash fast, easy and inexpensive for both banked and unbanked consumers across the globe.
This partnership with Coinify, which will first launch in the U.K followed by an expansion across Europe, is the beginning of that product evolution. We look forward to bringing the same functionality to users across the globe in the coming months.