Bitcoin and cryptocurrency payment service provider Coinify has reportedly partnered with Bread (BRD) Wallet, a cryptocurrency mobile wallet, for increased security and access to cryptocurrencies. This partnership would allegedly give users of BRD wallet access to over 34 countries in Europe throughout the SEPA region, helping to boost its user count.
As per a recent article from Bitcoin Magazine, the new partnership would enable BRD platform users to avail instant Bitcoin purchases, with the final withdrawal to one’s bank account being completed using SEPA bank transfers. All the transfers could be completed from within the application owing to the amazing user-friendly interface of the wallet.
Morten Bebe, Sales Manager of Coinify, was quoted saying that the company is continuously building a strong infrastructure for making virtual currencies accessible to maximum number of users and the company hopes to achieve this through a partnership with BRD. European users would now have a versatile and secure wallet option through BRD that supports the virtual currency industry growth taking place within the region.
BRD’s Co-founder and CEO, Adam Traidman, mentioned that the wallet has tremendously grown in North America since its launch as the first bitcoin wallet on iOS platform over 4 years earlier. In BRD’s next phase of global growth, Europe would be strategic and this partnership would ensure the success of the wallet in its crucial endeavor, he added.
Sources familiar with the matter said that this latest integration of both the payment service providers BRD and Coinify could result into a new stream of crypto growth in European region. While, cryptocurrencies offer instant transactions at very less fee, the problem is with the bank deposits which still requires a lot of time to process. BRD and Coinify are working on eradicating this problem with the integration of the two platforms.