Cryptocurrency payment provider Coinify adds support for BSV
A move that would definitely bring cheer to the BSV community, online merchants can now accept BSV, the only cryptocurrency based on the original Bitcoin protocol, via the leading digital currency payment provider, Coinify, according to a press release on Monday. Whether the merchants want the payment in form of BSV or they want it to be changed to local currency depends on the merchant and Coinify can facilitate these options opening a whole new vista for consumers as well as merchants.
The press release further goes on to add that Coinify aims to become an international virtual currency payment infrastructure and this cooperation with BSV will help BSV in becoming a global cryptocurrency in the true sense.
Coinify provides a plethora of virtual currency products which gives businesses the freedom to accept payments both online and in retail stores.
Jimmy Nguyen, Founding President of the bCommerce Association, 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.
“Of course, it also means it will be much easier for sales teams to offer ‘flick of the switch’ BSV solutions to online merchants,” he added.
Speaking about Coinify’s decision to add Bitcoin SV to its portfolio, Coinify’s CEO and co-founder, 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 make 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 Bitcoin Cash hard fork took place on November 15 last year and since then it has had its own share of controversies. The fork was propagated by two different parties, the Bitcoin ABC implementation led by Roger Ver, CEO of Bitcoin.com and Bitcoin SV implementation was led by Craig Wright and Calvin Ayre. Since then the two sides have been at loggerheads and are always looking for opportunities to score over the other. In November Craig Wright went on to say that the SV camp had more money than that of ABC. He did not give the exact numbers but mentioned that “a lot of money for some people is not a lot of money for others”.
Wright further added, “I want to burn Roger and Jihan [Bitmain’s Jihan Wu] to the f**king ground till there is no Bitcoin left with them. There will be no hash war left and that is my end goal.” At the time of writing, BSV is down by 1.41 percent and is trading at $74.76.
Image via Shutterstock
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