LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Hello Markets, a provider of custom-made white label platforms for the online trading market, has announced another partnership Bitcoin payment services provider (PSP), just a week after teaming up with Polycoin.
The new partners of Hello Markets is Coinify – a major Bitcoin payment service provider in Europe. The Denmark-based company is set to help facilitate Bitcoin payments between brokers and their clients.
The Coinify integration into brokers’ platforms will enable traders to either deposit funds in the virtual currency, or have the bitcoins partially/fully converted into Euros, U.S Dollars, and other currencies. Also operating a Bitcoin exchange, Coinify will enable traders to purchase bitcoins via which they will be able to fund their trading accounts.
Each of Hello Markets’ brands will be able to add Coinify’s payment processing method to their list of deposit and withdrawal methods. In addition, such a method will cut the risk of fraud for brokers.
“Hello Markets’ addition of Coinify to our list of PSP’s is expected to be met with enthusiasm across Asia and most notably China, where bitcoins have gained considerable popularity over the last few years. 80 percent of bitcoin buying & selling transactions are reportedly done against the Chinese Yuan, surpassing the U.S Dollar, Euro, and Yen. This strategy is made to provide a one-stop shop to our clients, as well as increase their customer base”, said Jeremy Dahan, CEO of Hello Markets.
Morten Bebe, Sales Manager at Coinify, added the following: “Hello Markets have taken another innovative step by enabling Coinify Bitcoin payments. Bitcoin’s very fast and highly secure payment network is a perfect match for Hello Markets. We are pleased to provide this solution for Hello Markets and believe many more companies in this field will take this route in the future.“