Payment solutions provider Verrency has partnered with virtual currency payment provider, Coinify in a bid to offer customers the ability to utilize virtual currency at global markets securely.
According to the supplier, the partnership aims to utilize Verrency’s platform for integrating virtual currency funding sources and digital wallets with their existing payments rails, without the need for customers to use specially issued prepaid or debit cards.
“By partnering with Coinify, Verrency is now able to enable banks to offer their customers virtual currency and token usage via their existing debit and credit cards without engaging in a costly infrastructure overhaul,” Mr. David Link, Verrency’s CEO said.
The partnership will enable a bank to easily route payments to different funding sources authorized by the bank, such as a custodial or non-custodial wallet containing digital assets. Coinify supports the selection and connection of the wallet infrastructure, which may be either internal or external to the bank.
“Coinify is honored to partner with Verrency and connect our two platforms, which holds a huge potential for crypto adoption,” said Mark Højgaard, co-founder and CEO of Coinify. “Verrency’s platform that can easily integrate third parties with the existing banking payments infrastructure is a potential breakthrough for the future space of digital currency and mainstream token usage, where established technology titans, such as Facebook’s Libra project, are beginning to explore the possibilities.”