Belfast-based payments 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 3rd party cryptocurrency payment service provider that enables Bitcoin and Bitcoin Cash holders to convert cryptocurrencies 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.