BitFury Expands Portfolio with White-Label Bitcoin Wallet

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term infrastructure provider BitFury Group today launched its white-label Bitcoin wallet to enterprises looking for a one-stop cryptocurrency custodian and liquidity venue. Dubbed ‘Peach White-Label Wallet,’ the new product is a customizable mobile bitcoin wallet designed to be operated in-house by businesses looking to integrate bitcoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term into their operations.

The B2B solution also enables crypto exchanges and token issuers to develop new revenue streams by offering turnkey custodial wallets as part of their services. Besides multi-layer security, other features include scalable infrastructure and 3rd party integration support from the Bitfury Peach team, which also offers a built-in merchant directory and end-to-end design and installation.

The wallet also has the potential to reinforce the security paradigm, and it can be linked to any crypto exchange platform or leveraged as a standalone app. Designed by Bitfury’s Peach payments engineering division, the new product is yet another key facet in the evolution of Bitfury’s crypto portfolio, which also provides a full package of mining services including a proprietary mix of hardware, software, installation, and operational services.

Bitfury sold its mining farm in Canada

Chris Dickson, Head of Blockchain Solutions at Bitfury, commented: “Our new white-label wallet makes it easier than ever for enterprises to accept bitcoin, which will spur consumer confidence and governmental support for digital currencies. Consumers want to use digital currencies in their everyday lives, and businesses that respond to this financial transformation will eclipse their competitors and usher in a new wave of digital commerce.”

Bitfury, which has offices in the United States and overseas, started out as a Bitcoin miner and has since expanded to become one of the largest private infrastructure providers in the blockchain ecosystem. Founded in 2011, the San Francisco-based group provides hardware and software around blockchain technology, including tools designed to investigate the crypto-based networks for suspicious activity.

In December 2019, Bitfury sold its joint crypto mining venture, which is one the largest farms in North America, to Hut 8 Mining Corp, a Canadian company involved in digital asset mining, for $7 million.