Coinify Deal Adds 3,000 Merchants to Bitcoin Network

Digital currency payments processor Coinify has inked a new partnership with Netherlands-based point-of-sale provider Countr that will bring more options for bitcoin spenders .

Countr, which boasts a merchant network of about 3,000 outlets, will launch an updated version of its app that includes the Coinify integration on 1st June.

The development represents what is today a rare type of news in the blockchain space: merchant integrations. It opens up Countr's network to payments with 14 different digital currencies, including bitcoin, as well as other popular cryptocurrencies like ether and litecoin.

John Staunton, Countr's co-founder and CEO, said in a statement:

"We are always happy to take the advantage of new payment technologies and help our merchants to improve their businesses. Blockchain is expected to be one of the major payment trends in the upcoming years and we are excited to integrate it to our POS system."

In mid-2015, Coinify began expanding its service to other EU countries outside its base in Denmark. It later raised $4m in a round that included Swedish banking giant SEB Group and SEED Capital Denmark, an existing investor of the startup.

Merchant PoS image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Stan Higgins

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.