The cryptocurrency payment provider, Coinify is now going to be accepting Bitcoin SV. The result of the Bitcoin Cash hard fork which came into the market in November 2018 will now be accepted by the payment provider who also mentioned that SV will be accepted both directly and after converting it to a fiat currency.
The newly formed cryptocurrency and the people who back it advocates increase adoption of the coin as they boast that it is the only cryptocurrency that is based on the original Bitcoin protocol. As reported by AMB Crypto, one of the main aims for Bitcoin SV has always been the creation of a single global currency infrastructure and the partnership with Coinify will help them reach that end goal.
Through this newly founded partnership, the usage of Bitcoin SV can be pushed in both online and retail portals, therefore increasing adoption.
The founding president of the bComm Association, Jimmy Nguyen is a big supporter of the Bitcoin SV proponent. Talking on the topic, Nguyen said, “As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio.”
The bComm president went onto say that the partnership will enable the team behind Bitcoin SV to have ‘flick the switch’ solutions based on the cryptocurrency to online merchants.
The co-founder and CEO of Coinify, Mark Højgaard said:
“Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible. Adding BSV as a virtual currency helps us ensure we have the most comprehensive range of options for both merchant and customer.”
The founder of Ayre Group, Calvin Ayre is a big backer of the Bitcoin SV project and in light of the implementation, he has announced that he is looking to migrate from BitPay to Coinify. Taking to Twitter, Ayre said, “I am ordering my team to stop using bitpay and to switch everything to coinify!”
Even though the increasing integration of Bitcoin SV, some users aren’t satisfied with what they see as “middlemen” in the cryptocurrency realm. “They advocate an intermediary fee financial transfer process build on cryptocurrencies”.