Nets Sets Up Blockchain Technology Lab in Cooperation with Coinify

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Two of Europe’s biggest players in digital and Blockchain payments, Nets and Coinify  respectively, are joining forces where Coinify will develop integrated Blockchain solutions for Nets.

Nets has entered into a partnership with Fintech company Coinify by establishing a ‘Blockchain Development Lab’ in order to identify business opportunities in the field of Blockchain technology.

“We see potential in Blockchain technology, so obviously we need to gain a thorough understanding of it and the possibilities it offers. Coinify is a leader in the development of products based on this technology and we believe they are the right partner to help us investigate the possibilities of developing customer- oriented products and services based on it,”says Jan C. Plenge, Senior Vice President with responsibility for Digital innovation at Nets.

The partnership involves cooperating with internationally renowned experts in this field of technology with the intention to develop a number of proof of concepts as the basis for developing specific products and services.

Coinify ApS is the largest facilitator of Blockchain payments in Europe and supports more than 20 payment service providers reaching over 100,000 online businesses. Coinify payments support up to 17 Blockchain currencies and offer payouts to their customers in local currencies. At the same time, Coinify also provides consumer and corporate trading of digital currencies, such as bitcoin.

As such, Coinify is the leading provider of Blockchain payment services in Europe and Asia, and is among the top four worldwide in this field.

Blockchain is a decentralised technology which can be used, among other things, as documentation of direct bilateral digital transfers, or to document ownership of contracts, deeds, etc. By joining forces, Nets and Coinify seek to clarify how this technology could be applied commercially and within existing regulatory frameworks, particularly within the same high-level security requirements that Nets already applies to other value transactions.

“It is important for Nets to closely monitor new digital technologies to be aware of the possibilities, even if that means Blockchain technology could potentially challenge parts of our exising business. For many years, we have been the ones delivering the latest payment solutions to banks, and we intend to keep it that way, going forward,” Jan C. Plenge continued.

Regarding the partnership, CEO and Co-founder of Coinify Mark Højgaard commented:

“Nets is the leader when it comes to digital payments in the Nordic region and we are delighted with this new partnership, and believe that, together with Nets, we will be able to develop a number of first-class products and services that will ultimately benefit both merchants and consumers.”

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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