What companies come to mind when you think about bitcoin payment gateways? Coinbase? BitPay?
There are a few solutions out there for merchants looking to accept bitcoin payments without risk. And now, another joins the playground.
Silicon Valley-based Coinzone announced today the upcoming launch of their very own bitcoin payment gateway, in which the company is focusing on eliminating geographic boundaries while simultaneously creating the best user experience for Bitcoin and other digital currencies.
The Coinzone team, made up of seven individuals with over seventy years of experience in international e-commerce/payments, says they’ve been working with some of the financial industry’s top legal/professional advisers in order to piece together a solution that will be compliant in a number of international markets.
According to the company, their main focus is to create a “workable” approach that not only serves well in the current regulatory landscape, but long-term, too.
“Bitcoin will fundamentally change the way people pay in markets where traditional payment systems are less developed,” said company CEO Manuel Heilmann. “Small and medium sized businesses in Europe and emerging markets often have specific needs. We will address these specific needs, going far beyond just processing payments.”
Heilmann himself has been in the e-commerce for thirteen years, having worked previously a Vice President and General Manager of the MyCommerce Division at Digital River (a commerce and payments company).
“When I traveled to Africa fifteen years ago, many people didn’t have phone lines,” he added. ” Instead of wiring everyone up, they went straight to mobile. As a result, Africa and other emerging markets ended up spearheading innovations like mobile payments. Bitcoin and other digital currencies offer ways to pay or transfer money with a mobile phone or computer. Due to the fact that these solutions circumvent traditional payment systems, they are friction-less, border-free and accessible to everyone. We’re excited to be involved with these technologies, which are more innovative and cutting-edge than most current banking products.”
The company hasn’t yet provided in-depth details on their products and fee structures, though Coinzone is entering a private beta. Users interesting in signing up for earlier access can visit coinzone.com.
We’ll have more information on the development of this company as it progresses.