MiFinity Rolls Out Bitcoin and Bitcoin Cash

Belfast-based 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 provider MiFinity today announced the launch of Bitcoin and Bitcoin Cash as an additional funding option within the MiFinity payment platform.

According to MiFinity, this solution is powered by BitPay, a 3^rd party cryptocurrency payment service provider that enables Bitcoin and Bitcoin Cash holders to convert Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term real-time into Fiat currency. The equivalent Fiat or cash amount is then credited to the users' eWallet. This balance can then be used to fund transfers to merchants or consumers in real-time.

MiFinity has also recently increased the number of eWallet currencies supported within the platform to 11 settlement currencies to complement this solution.

Tapping into the crypto world

"This latest product release enables MiFinity to tap into the cryptocurrency world and offer cryptocurrency holders the avenue to convert crypto into Fiat. This additional funding solution complements our existing traditional local funding solutions to result in a true omni channel payment offering at MiFinity," says Kieron Nolan, CFO at MiFinity.

MiFinity offers a range of end-to-end payment solutions. It has more than 18 years of experience in the online payments space with a growing network of global partner relationships and a regulated technology platform.

The firm recently launched its online eWallet, MiFinity eWallet, which is targeted at the online gaming, travel, and e-commerce sectors. Customers can perform payment transactions with multiple local payment options in different currencies.