Blockchain Payment Platform Wins Frost & Sullivan Award
Market research and consulting firm Frost & Sullivan has selected Coinify ApS as one of the winners at its Excellence in Best Practices Awards Banquet, which was held on the 23rd of October in London, at the Royal Garden Hotel. Coinify brings the benefit of blockchain technology to payments and enables anyone to buy bitcoin as an investment, or to buy items and services from a growing number of stores worldwide.
Frost & Sullivan’s Best Practices Awards are presented each year to companies that are predicted to encourage significant growth in their industries, have identified emerging trends before they became the standard in the marketplace, and have created advanced technologies that will catalyse and transform industries in the near future.
Phil Howarth, Partner at Frost & Sullivan, commented: “Our Awards Ceremonies gather industry leaders to share their accomplishments and motivate each other to inspire continued success. These companies are committed to shaping the future by innovating today. We are proud and excited to be part of their journey.”
Coinify’s goal is to spread the use of digital currencies and blockchain payment. By using it, merchants can accept payments in 16 digital currencies, including bitcoin, online or at a physical location. Payouts can be received in local currencies and the use of blockchain payments eliminates chargebacks and fraud. The company was awarded the 2017 Global Blockchain Financial Service Provider Product Leadership Award.
Hungry Group CEO, Rune Risom remarked: “When accepting blockchain payments through Coinify we have seen a 3% increase in margins. Furthermore we have had zero chargebacks from our hundreds of digital currency customers. It is a pleasure working with Coinify and their payment solution is very easy to use.”