Discover Germany | Special Theme | Fintech
The four pillars.
The Cointed code for success Paying and trading by Bitcoin as a decentralised banking and paying method gains more and more ground as banks and institutions struggle with safety issues and consumers get impatient in the face of growing processing times and service charges. TEXT: CORNELIA BRELOWSKI | PHOTOS: COINTED
Offering both crypto currency exchange and ‘Mining’ services for Cointed and their new business partner Crypto Unity has quickly become a winning combo. The enterprise is built on four pillars of successful service offers related to crypto currency. Cointed as of late even offer intelligent and individual Mining solutions. They have also developed their very own crypto currency ATM, of which around 40 are currently set up in Europe, as well as providing direct Online Exchange from day one. Last but not least, Cointed foster crypto trading acceptance for businesses with payment interfaces. Their method of accepting Bitcoins and transferring euros 54 | Issue 54 | September 2017
to the operator account provides a business with yet another service offer for their customers, a unique selling point for Cointed. Their PayCo system is available as Plug-in, mobile App or HardwareTerminal. Combined with long years of expertise, Cointed stands as the only all-round service provider in the sector, generating a yearly revenue of around 30 million euros. With a current team of ten and offices in Kufstein and Vienna, Cointed is soon to expand to Berlin, Switzerland and Turkey. CEO Wolfgang Thaler explains: “At Cointed, many issues are tackled parallel
wise. New, safe jobs are created, customer capital is being increased, and we thus set the foundation for the blockchain technology to gain ground in both Austria and Europe. It makes us proud to count as pioneers in this sector.” Crypto enthusiasm as a driving force The enterprise was founded end of 2015 in Kufstein, Tyrol, by Wolfgang Thaler and Christopher Rieder. The young crypto enthusiasts had previously experienced how hard it was to access Bitcoins and decided to work on a way to make it easier. Together with the goal of making access to Bitcoins as easy as possible, the idea for Cointed was established and their foundation day was quickly followed by the first Online-Exchange. With a growing global interest in crypto currency by both business people and consumers, country borders will not play a role for the new global trading system. Along with customers gaining more and
Discover Germany promotes German, Swiss & Austrian Design, Tourism, Food, Culture and Business.