Coinify partners with Hong Kong payments firm to offer blockchain services to merchants in Asia

Coinify , a Danish digital currency payment provider, has partnered with Hong Kong-based payment company iPayDNA International to provide blockchain services to merchants in Asia, allowing them to accept 17 digital currencies including Bitcoin. In addition, Coinify has recently partnered with a Bitcoin exchange in Vietnam.

The two parties reached an agreement that in all regions where iPayDNA has a dominant market share , merchants in the region can enjoy the processing services provided by Coinify for blockchain merchants.

iPayDNA merchants will be able to accept 17 digital currencies, including Bitcoin, and will be able to convert digital currencies into local currency and deposit them into their bank accounts within a few days of receiving them.

“We are very excited to be working with iPayDNA. As an APAC company, they understand the needs of local merchants and as a company with an international mindset, they are a perfect match for what we are looking for in a partner,” said Morten Bebe, Sales Manager at Coinify.

Asia Pacific leads the e-commerce trend

Coinify noted in a press release that the Asia-Pacific region is home to more than 60% of the world’s population and accounts for 75% of global payment transactions. E-commerce has the highest share of the region’s GDP .

Bebe also said that more users are looking for alternative and secure payment methods.

“In addition to these indicators that blockchain payments have great potential in the region, we are very excited about the opportunity to contribute to the infrastructure and we are also very happy to play a role in the development of digital assets, ” he said.

Providing one-stop payment services for online merchants

According to iPayDNA general manager Guan Seow, the value of this partnership lies in providing online merchants with a one-stop payment hub that offers a variety of card and non-card payment options.

iPayDNA’s merchants can further benefit from Coinify ’s wide selection of digital currencies. “For all iPayDNA customers, they can now safely and easily embrace digital currencies as their new alternative payment method,” said Seow.